China's troubled Baoshang rescue exposes fault lines in bank reform drive

In May 2019, China's central bank announced a shock takeover of a lender, its first such move in 20 years, citing "serious credit risks". Creditors in small Baoshang Bank were to take a hit, assets would be sold and an example set for governance.

from Reuters: Business News https://ift.tt/2UpU3PT