Jason talks about another Chinese bank in trouble. This time it is the much larger, Bank of Jinzhou rather than Baoshang Bank. And now that a larger bank is in trouble, this rising counter party risk between Chinese banks could mean that Chinese banks stop lending to each other entirely without the PBOC guaranteeing all the loans.
1) Domino #2: Chinese Bank With $105 BN In Assets On Verge Of Collapse www.zerohedge.com/news/2019-0…
2) Which Chinese Banks Will Fail Next? www.zerohedge.com/news/2019-0…
3) Fed Policies Hurt Bank Earnings www.theinstitutionalriskanaly…
4) The shadow banks are back with another big bad credit bubble www.washingtonpost.com/busine…
5) Chinese blockchain entrepreneur Justin Sun won Warren Buffett’s charity lunch with $4.6M bid finance.yahoo.com/news/justin…