If three US banks of this size all collapsed within a few months of one another like this it would be front page news. China looks to be at risk for a serious banking/financial crises... or already in one.
Central Huijin Investment will invest in Heng Feng Bank to increase its capital adequacy ratio, improve its management and enhance its operational capability, according to a report by Shanghai Securities News
Heng Feng is among more than a dozen city-level and rural lenders that had been put on notice by the authorities for a shake-up
The Chinese government’s first nationalisation of a private bank since 1998 has led to a collective collapse in the stock prices of China’s listed banks, driving their valuations to record lows, amid fears that the shakeout would affect more lenders, and that the largest and best capitalised institutions would be called upon to bail them out.
Submitted August 08, 2019 at 11:10PM by NineteenEighty9 https://ift.tt/2Yz0W5K
