BIS warns Chinese banking sector stress gauge three times above danger level

Thursday, September 22nd 2016 - 22:08 UTC

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Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog. A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) said in its latest quarterly review. Read full article

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Jack Bauer
“ China's credit-to-GDP gap hit 30.1 in the first quarter of 2016.”

Obviously not good news for the Brasshole, who constantly claims that the BRICS bank will save the world....
Sep 23rd, 2016 - 05:06 pm - Link - Report abuse 0
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