China asks local lenders not to lend to U.S. banks
Sep.24, 2008 in
Market Outlook
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.
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Tags: China Banking Regulatory Commission, China Morning Post, China Post, Citing A Source, Countries, Currencies, Domestic Banks, Financial Crisis, Financial Institutions, Hong Kong, Lenders, Lending Institutions, Losses, Marketwatch, Money Markets, Regulators, South China Morning, South China Morning Post






































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