Steve Maynard's talk on Banking Developments
On Tuesday 15th April our guest speaker, Steve Maynard of HSBC, talked to members about developments in the world of banking. It was evident that HSBC, now the world's largest company, is cash rich and not apparently beset by the kind of problems seen elsewhere in the banking industry. A discussion followed touching on the current mortgage market and the availabilty of funds generally. Liquidity in some banks and institutions is a problem and in order to attract more funding, interest rates for investors are often seen as being very attractive indeed. However caution is advised - there could be a higher risk in investments of this nature. Within HSBC customer satisfaction was a high priority and account holders would be well advised to check the range and pricing of the many products available to them, thus ensuring that they were getting a good deal from the Bank.
Steve made the point that International business was also something that HSBC could assist with. We thank him for a most informative and thought-provoking presentation.
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A random selection of members.
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