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HNA slashes stake in Deutsche Bank to 8.8%

Chinese conglomerate HNA Group has sold a 1.1% stake in German banking giant Deutsche Bank in a transaction valued at approximately €300m ($375m). Following the …

China fines 19 banks over loan fraud

China Banking Regulatory Commission (CBRC) has fined 19 banks over a $3bn pledge loan fraud case in the Shaanxi and Henan provinces. The Chinese banking …

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