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China arrests former top bank official for bribery

The case of Zhou Qingyu, a former vice president of the China Development Bank, has been transferred. for examination and prosecution, state news agency Xinhua reported, citing the country s top prosecutor.

China Citic fined for banking violations

China Citic Bank has been fined over RMB 220 million ($31 million) for 56 violations, the country’s top financial regulator announced on Friday, reports Caixin. The penalty includes a RMB 152.4 million fine slapped on the head office of Citic Bank and RMB 67.7 million in fines that the bank’s branches have to pay, according…

China G-Sib scores tell story of lenders decade-long rise

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