The Trouble Has Just Begun, Second Bank Run In Two Weeks In China

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… three weeks ago we reported that China’s Henan Yichuan Rural Commercial Bank, just outside the central Chinese city of Luoyang, was the latest small-to-medium Chinese bank to suffer a vicious bank run as long lines of depositors filled out its branches demanding their money, amid a rumor that the bank was going under. The bank was at least the fourth to be on the verge of collapse after recent prior nationalizations of Baoshang Bank, Bank of Jinzhou, and most recently, China’s,s Heng Feng Bank. Now yet another Chinese bank has found itself scrambling to prevent a collapse: Yingkou Coastal Bank was forced to stack bundles of yuan notes high behind the counters of … Continue reading The Trouble Has Just Begun, Second Bank Run In Two Weeks In China