Second Bank Run In Two Weeks As China’s Banks Are Caught In A Self-Destructive “Doom Loop”

Three weeks ago we reported that China’s Henan Yichuan Rural Commercial Bank, just outside the central Chinese city of Luoyang, was the latest small-to-medium Chinese bank to suffer a vicious bank run as long lines of depositors filled out its branches demanding their money, amid a rumor that the bank was going under. The bank … Continue reading Second Bank Run In Two Weeks As China’s Banks Are Caught In A Self-Destructive “Doom Loop”