Posts Tagged ‘Chinese Banks On Verge Of Collapse’

Coming to America Soon, When Dealing with a Collapsing Ponzi Scheme, Only Those Who Pull Their Money First Stand to Recover Anything ….FDIC Failed Bank List USA 2019 First, it was Baoshang Bank, then it was Bank of Jinzhou, then, two months ago, China’s Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized. Today, a fourth prominent Chinese bank was on the verge of collapse under the weight of its bad loans, only this time the failure was far less quiet, as depositors of the rural lender swarmed the bank’s retail outlets, demanding their money in an angry demonstration of what Beijing is terrified of the most: a bank run. Local business leaders, political cadres and banking executives rallied Thursday at the main branch of Henan Yichuan Rural Commercial Bank, just outside the central Chinese city…