Chinese markets shaken as bank with links to a missing tycoon is taken over by authorities
May 28, 2019 | News | No Comments
A takeover by Chinese regulators of a troubled lender with links to a missing tycoon jolted markets on Monday, lifting interbank financing costs for some smaller banks and raising worries about broader risks to the country's financial system. The China Banking and Insurance Regulatory Commission (CBIRC) will take control of Inner Mongolia-based Baoshang Bank for […]