Tuesday, October 20, 2020

Tag: Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized

Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized

from ZeroHedge:

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..