China’s Banking Regulator Fines 19 Banks Over $3-Billion Pledged Loan Fraud

BEIJING (Reuters) – China’s banking regulator has imposed fines of 52.5 million yuan ($8.36-million) on 19 banks in the northwestern province of Shaanxi and the central province of Henan over a 19-billion-yuan ($3-billion) pledged loan fraud, it said on …
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