Econ and Finance - 01 Aug 2017

PBoC starts the interbank cleanup

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The PBoC has temporarily barred 40 banks or bank branches from regular interbank business due to violations found during a recent round of inspections.

Forty banks might not sound like a lot. But a three-month ban is a pretty stiff penalty, and that was held for the worst offenders. There w...

Snuh-ohez.

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