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12:49
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Also some interesting things going on at Minsheng bank :
Shares of China Minsheng Banking Corp. are poised to extend this year’s declines and drag down other lenders after President Mao Xiaofeng resigned after a media report that he is being investigated by Chinese authorities.
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Financial Times:
The president of
China Minsheng Banking Corp has resigned amid domestic media reports that he is under investigation by anti-corruption authorities, making him the most senior bank official to be ensnared in the country’s sweeping
anti-graft campaign .
Minsheng’s president and director Mao Xiaofeng submitted his resignation in “recent days,” the bank said in a filing on Saturday.
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and latest bloomie flash:
