Specter of Funding Crunch Looms Over Runs at China’s Small Banks
Specter of Funding Crunch Looms Over Runs at China's Small Banks 3YINGKOU, China (Reuters) – Bundles of yuan notes were stacked high behind the counters of branches of Yingkou Coastal Bank earlier this month, as the northeast China lender fought off a run on deposits while onsite government officials battled rumors of a funding crunch. Yingkou was the latest small bank to have its deposit-reliant funding base …
News story posted on 2019-11-25T08:40:00.0000000Z