IPFS News Link • China
Domino #2: Chinese Bank With $105 BN In Assets On Verge Of Collapse
• https://www.zerohedge.com, Tyler DurdenUnfortunately for the PBOC, Beijing is now racing against time to prevent a widespread panic after it opened the Pandora's box when it seized Baoshang Bank two weeks ago, the first official bank failure in a odd replay of what happened with Bear Stearns back in 2008, when JPMorgan was gifted the historic bank for pennies on the dollar.
And with domino #1 down, the question turns to who is next, and will they be China's Lehman.
This was the question we asked last Thursday, when we published a list of regional banks that have delayed publishing 2018 reports, the biggest red flag suggesting an upcoming bank solvency "event."