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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on September 24, 2008, 10:30:19 PM

Title: China asks local lenders not to lend to U.S. banks
Post by: Bindare_Dundat on September 24, 2008, 10:30:19 PM

HONG KONG (MarketWatch) -- Chinese regulators have asked domestic banks to stop lending to U.S. financial institutions in the interbank money markets to prevent possible losses during the financial crisis, the South China Morning Post reported Thursday. The China Banking Regulatory Commission's ban on interbank lending of all currencies applied to U.S. banks, but not to lenders from other countries, the report added, citing a source.

http://www.marketwatch.com/news/story/china-asks-local-lenders-not/story.aspx?guid={389CCD2E-9D08-4A8B-A512-F1B3E0B0BE19}&dist=hplatest