Originally Posted by
JHake10
...the recent rumors of HSBC exiting US retail banking...
This recurring rumor has existed for quite a while, like more than a decade. Nevertheless, layoffs may be possible, but no for exiting retail banking.
Because Citi sucks.
Originally Posted by
JHake10
What are the major differences between Chase Sapphire Banking (75K Minimum) and CPC (New lower 150K requirement as of Nov 2020?). It seems the only difference is access to a banker?
Actually investment advisor.
Originally Posted by
JHake10
Am I missing a big selling point of CPC?
It really depends on what you are looking for.
If you want a banking package that offer as most as possible when you can still enjoy managing your investment on your own pace, then Charles Schwab is a good alternative. CPC's selling point, to Chase, is to use their "specialized" investment advisors. So if you don't really don't use it, CPC is not as attractive as promoted.
One thing Schwab does not offer is free wire and cashier checks. But there are methods to mitigate those.