China folds, bails out failing bank

Hoocoodanode? More great work from Zero Hedge:

Step aside Baoshang Bank, it’s time for Chinese bank bailout #2.

Last Thursday, when reporting on the imminent failure of yet another Chinese bank in the inglorious aftermath of Baoshang Bank’s late May state takeover, we dusted off a list of deeply troubled Chinese financial institutions that had delayed their 2018 annual reports…

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