World News@lemmy.worldEnglish · 11 months ago

China is merging hundreds of small banks to fend off financial stress

www.businessinsider.com

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China is merging hundreds of small banks to fend off financial stress

www.businessinsider.com

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 11 months ago

2,100 banks could be affected as China looks to curb the bad loan environment of its rural communities, Bloomberg reported.

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Magrath
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11 months ago
I have feeling that’s only gonna help those at the top. It’ll make the sector easier to control by consolidating it, but if anything goes wrong their gonna fall hard. But I’m no expert in the field.

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