IPFS News Link • Central Banks/Banking
Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized
• https://www.zerohedge.com by Tyler DurdenLast 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...
... and noted that the #2 bank on this list, Bank of Jinzhou recently met financial institutions in its home Liaoning province to discuss measures to deal with liquidity problems, and in a parallel bailout to that of Baoshang, the bank was in talks to "introduce strategic investors" after a report that China's financial regulators are seeking to resolve its liquidity problems sent its dollar-denominated debt plunging.