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Hong Kong’s economy to shrink by more than a quarter, economy minister says

Hong Kong, Taiwan and Macau will see their economies shrink by between one and three quarters as a result of the impact of the global financial crisis, Hong Kong Finance Minister Michael Chu said Tuesday.Chu, a former U.S. Treasury secretary who is also Taiwan’s Finance Minister, said the economy was “about to lose almost one […]

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Which is better for you: Chase’s $1,500,000 Chase Sapphire Preferred or Wells Fargo’s $300,000 $1 million?

Wells Fargo offers the better credit product for the same money, according to a new survey from Experian and Equifax.But Wells Fargo is only marginally better for its customers than Chase’s Sapphire Preferred.For the average consumer, the Wells Fargo Sapphire Preferred is the better option.The average Wells Fargo customer, for example, earns $2,924 annually, compared […]

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How to navigate Australia’s regional banking industry

Australia is one of the most rapidly growing economies in the world, but in some areas, its financial services sector is not as diversified as it could be.A new study by Australia’s Financial Services Industry Association (FSIA) has warned that Australia is not adequately prepared to meet the growing needs of its regional banking sector.The […]

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