Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 2, 2008 9:33:16 PM CST


Chinese banks

Chinese banks news stories

2 Stories

ANALYSIS

Asia Financiers Looking Askance at Western Banks

Credit crunch has investors, regulators questioning the model

(Newser) - Bankers and regulators across Asia have grown wary of the big US banks they once invited to underwrite major moves, the Economist reports. One Chinese regulator described the West’s big banks to the magazine as “shit,” among signs the East no longer trusts the West’s wisdom, or its regulation model, in the wake of the subprime collapse and the resulting credit crunch. More »

More about:  China bank regulation HSBC Chinese banks

China ATM Glitch Nets Man Life

After withdrawing free money, man found guilty of bank robbery

(Newser) - It seemed like a miracle to Xu Ting of Guangzhou: a misplaced decimal point somewhere in the bowels of an ATM meant that his $140 withdrawal debited his account only 14 cents. Over several hours he made another 170 transactions, pocketing more than $24,000. But after getting robbed and buying lottery tickets, he ended up in court—where he was sentenced to life imprisonment for bank robbery, writes the Los Angeles Times . More »

More about:  China troop withdrawal bank bankruptcy ATM Chinese judiciary Chinese banks

2 Stories

Today's Most Popular

Loading...

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »