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A Series of Bank Failures at the Bank of China Have Led to the Owner Setting Fire to a Building when He Couldn't Withdraw Money, Further Exacerbating the Wave of Bank Closures.
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Rumors of a crisis at the Bank of China are intensifying. On September 2nd, blogger "Luo Xiang - Breaking the Curtain and Pushing Down the Wall" revealed that a businessman in Zhengzhou, Henan Province, set fire to a bank after being unable to withdraw money from the Industrial and Commercial Bank of China (ICBC). Other reports indicate that Jiangsu Bank has restricted withdrawals, and 29 million yuan in deposits have disappeared. Meanwhile, rur…
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