CREDIT RISK: Chinese Regulator Takes Over Baoshang Bank
Posted on 05/24/2019
Inner Mongolia-based Baoshang Bank Co., Ltd. had so much credit risk that Chinese regulators took over the lender. The People’s Bank of China (PBOC) and China Banking and Insurance Regulatory Commission (CBIRC) placed the bank under its control for at least a year, starting on May 24, 2019. The regulators moved to have China Construction […]
