Loading ...Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized
Step aside Baoshang Bank and Bank of Jinzhou, it’s time for Chinese bank bailout #3.
Last month, when reporting on the imminent failure of yet another Chinese bank in the inglorious aftermath of Baoshang Bank’s late May state takeover, we dusted off a list of deeply troubled Chinese financial institutions that had delayed their 2018 annual reports…
https://www.zerohedge.com/news/2019-08-09/bailout-3-chinese-bank-200-billion-assets-nationalized