shadow banks
Shadow banks are too big to stay in the shadows
Mega hedge funds are so critical to modern finance that they should be regulated more like lenders
China investors face tens of billions in losses over Zhongzhi
china’s embattled shadow banking giant Zhongzhi Enterprise Group faces a criminal probe, lawyers and analysts are assessing the damage to investors. One estimate puts that at about US$56 billion.
China’s credit growth still weak in October with low loan demand
China’s credit growth remained steady in October, with a big jump in government bond sales to finance stimulus compensating for weak business and household borrowing as well as a large contraction in ...
Real estate crisis triggers new alarms over China’s shadow banks
AN ACCOUNTANT in northeast China deposited her life savings and received a letter guaranteeing her investment in a trust firm. Workers at a state-owned utility pooled money from friends and relatives ...
Furious Chinese investors lodge complaints over trust firm’s missed payments
ANGRY investors in trust products of a leading Chinese shadow bank have lodged complaint letters with regulators, pleading with the authorities to step in after the big Chinese trust firm missed payme...
Zhongzhi Enterprise Group plans debt restructuring, taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG LLP to conduct an audit of its balance sheet, ...
China shadow bank crisis sparks protest by angry investors
A GROUP of investors protested at the Beijing office of Zhongrong International Trust after the Chinese shadow banking giant missed payments on dozens of products.
ECB calls on lenders to manage growing risk from shadow banks
Shadow banks are growing quickly across the eurozone and represent a growing risk to the entire financial system, requiring lenders to be more stringent when dealing with such entities, European Centr...
