40 Banks Shut Down in Sudden ‘Vanishing Act’ – Absorbed Into Larger Lenders As Economy Teeters in China: Report
12 Juli 2024 - 10:24PM
The Daily Hodl
Banks are collapsing at an unprecedented rate in China due to a
major downturn in the country’s property market, poor risk controls
and other issues. In the week ending on June 24th, 40 smaller banks
were sucked up by larger institutions, a vanishing act incomparable
even to the savings and loan crisis of the 1980’s […]
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40 Banks Shut Down in Sudden ‘Vanishing Act’ – Absorbed Into Larger
Lenders As Economy Teeters in China: Report appeared first on
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Daily Hodl.
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‘Vanishing Act’ – Absorbed Into Larger Lenders As Economy Teeters
in China: Report
The post
40 Banks Shut Down in Sudden ‘Vanishing Act’ –
Absorbed Into Larger Lenders As Economy Teeters in China:
Report appeared first on
The Daily Hodl.
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