Thursday, August 23, 2012
We B Stimulatin'
Bank of China Ltd., the nation’s third-largest lender by assets, posted the slowest quarterly profit growth in three years as loan demand weakened and lower interest rates squeezed margins....The bank bolstered first-half earnings by setting aside fewer provisions for bad debt, as the first cut in benchmark interest rates since 2008 eroded profitability of lending operations....Soured debts at the nation’s 3,800 banks increased for a third straight quarter to 456.4 billion yuan by June, the China Banking Regulatory Commission said last week.
Don we now our cheap apparel
Troll the Made in Chinese carol
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