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View Full Version : China Pressures HSBC, Citi to Join Local Banks’ Lending Binge - Bloomberg



NewsWhore
02-19-2009, 09:00 PM
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China Pressures HSBC, Citi to Join Local Banks’ Lending Binge (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaJa5F9H248.g%26refer%3Dhome&cid=1306066370&ei=Fw-eSaewMo36wAH_hbUm&usg=AFQjCNFtIcWbnAJ4I8Xxn6YK8F_Ruwby_A)
Bloomberg
Overseas banks cut local-currency advances in Shanghai by 1.78 billion yuan ($263 million) in January, even as local lenders extended a record 95 billion yuan of new loans, according to the city’s central bank branch. A year earlier, foreign banks ...


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