MUSCAT / WAM The latest data released by the Statistical Centre for the Cooperation Council ...
Read More »Do Chinese banks have a deposit problem?
China’s banks have a deposit problem. The timing couldn’t be worse. The virus shutdown pushed households to put their money in a safe place in the first quarter, with system-wide deposits rising by a record 6.47 trillion yuan ($912 billion). Some large banks did the same, parking their own cash at smaller peers that offer higher returns. At China Construction ...
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