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Deposit rates climb, benefiting savers but squeezing vulnerable borrowers

Deposit rates are rising sharply as competition among banks for customer deposits intensifies. With market rates climbing following a benchmark rate hike, banks are raising rates on major deposit products to secure funding. While higher rates offer depositors an opportunity to earn more interest, concerns are growing that they could increase the burden on v..

Amid hacking threats, banking sector faces security challenge as network separation eases
As deregulation of financial network isolation gains full momentum, competition among commercial banks to scale up information security investments is inte..

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