The Chinese government's takeover of Baoshang Bank has caused some pain but...
FILE PHOTO: A man walks past a building with an advertisement of Baoshang Bank in Beijing, China September 8, 2018. REUTERS/Stringer/File Photo
Chinese regulators had completed debt repayment and transfer for Baoshang bank’s big institutional and interbank clients as of June 7, and will move on to verify and evaluate the lender’s assets ahead of the restructuring, according to the Financial News article, published on the People’s Bank of China’s website.
The article said that since the takeover, individual savings have been stable, and there has been no bank run, showing depositors are supportive of the takeover measures. In addition, 99.98% of Baoshang Bank’s institutional creditors were fully repaid. There has been “a little bit of pain,” but if regulators turn a blind eye to moral hazards, “potential financial risks will get bigger and bigger, and morph into systemic risks,” it said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Life in a banking desert: When banks leave town, they take more than their moneyItta Bena, Mississippi, is one of the 6,008 places where the nation’s banks closed branches from 2008 to 2016. It's a place where traditional banks have completely disappeared.
Consulte Mais informação »
British regulators seek to halt sexist adsNew guidelines to stop “harmful” gender stereotyping come into force
Consulte Mais informação »
Lawsuits Against Universal Music Group Over 2008 Vault Fire Expected SoonLitigation over the Universal Studios fire that reportedly destroyed up to 500,000 master recordings could be filed on behalf of affected artists as early as next week, according to attorney Howard King of the Los Angeles-based firm King, Holmes, Paterno & Soriano.
Consulte Mais informação »
Ousted Sudan president to be referred for trial soon: prosecutorSudan's chief prosecutor said on Saturday that ousted president Omar al-Bas...
Consulte Mais informação »
NATO faces big bill if it does not pick AWACS successor soon: officialsNATO faces significant costs if it does not act soon to choose a successor for i...
Consulte Mais informação »
Ousted Sudan president to be sent for trial soon, prosecutor saysOusted Sudanese President Omar al-Bashir will stand trial soon on corruption cha...
Consulte Mais informação »