"The Challenges Are Unprecedented": Chinese Bank Profits Crater Amid Bad Debt Surge
Aug 31st 2020 10:45pm EDT
“The Challenges Are Unprecedented”: Chinese Bank Profits Crater Amid Bad Debt Surge Tyler Durden Mon, 08/31/2020 – 22:45 First it was US banks. Now it’s China’s turn. Not long after the Big Four banks, and the US financial sector in general, reported the biggest jump in loan loss provisions following the covid crisis as millions […]
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