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Business

Customers are chasing higher-rate products, and that’s bad news for banks like HSBC

Katherine Langford
Katherine Langford
Katherine Langford
Editor-in-Chief · Edina, MN

Katherine oversees editorial operations across all six brands. Before joining The Meridan Group, she spent 14 years at the Minneapolis Star Tribune, where she led the metro desk through its digital transformation. She holds a Master's in Journalism from Northwestern's Medill School.

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Editor-in-Chief · Tuesday, October 27, 2026 at 10:02 AM · 1 min read
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Customers are chasing higher-rate products, and that’s bad news for banks like HSBC — Dallas Business news

Shares of banking giant HSBC Holdings fell as much as 7% on Tuesday as the lender revealed that customers are increasingly turning to higher-rate products.

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