Philip Chua Business Blog

Posts Tagged ‘HSBC’

That new HSBC loan: too clever by half?
Why not give customers the money outright?

By SIOW LI SEN

LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.

Eventuall… more

THE global financial crisis has done nothing to dampen the enthusiasm of private banking chiefs for Asia, including China and the Middle East.
Banks targeting wealthy individuals are ramping up their hiring while some senior executives from Europe are re-locating to the region to be closer to their new growth centres.
HSBC group private banking chief executive Chris Meares told a conference at the… more

(SINGAPORE) HSBC has offered a new home loan that pegs interest rate to the three-month Singapore Interbank Offered Rate (Sibor), plus a spread of one percentage point.
The rate will be applied throughout the loan tenor and is valid for both completed and uncompleted properties with a loan size of at least $300,000.

There is no lock-in period, which is how long you would otherwise be tied to the… more

HSBC is offering customers of its declining-rate-spread home loans who sell their houses a chance to continue benefiting from lower interest rate spreads, if they take out a new loan with the bank.
The latest tweak to its variable-rate mortgage offering is aimed at persuading customers to stay with the bank, even if they sell their home and redeem their existing loan.
HSBC charges customers of its… more

INFLATION is expected to stage a comeback in Asia by the end of this year, because of the recent rebound in oil and commodity prices.

CAUTIOUS STANCE
‘We suspect central banks will be slow in responding because of their experience last year.’

HSBC economist Robert Prior-Wandesforde, who believes central ban… more