The PBOC will funnel 100 billion yuan each to the five biggest banks for a three-month period, said the official, who asked not to be identified because the measure hasn’t been formally announced.
The PBOC will funnel 100 billion yuan each to the five biggest banks for a three-month period, said the official, who asked not to be identified because the measure hasn’t been formally announced.
Simon explains what is happening in the financial industry, largely due to policy makers undermining the restrictions and fair practices that support the financial system.
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Over the past two months, U.S.-based investors and traders have filed nearly 20 antitrust claims accusing Barclays, Deutsche Bank, HSBC, Bank of Nova Scotia, and Societe Generale of colluding to manipulate the gold price.