China Banks Limit Loans to Local Governments, Securities Reports
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May 31 (Bloomberg) -- Some Chinese banks have begun limiting loans to the financing vehicles of local governments, the China Securities Journal reported today, citing unidentified commercial bank officials.
Savings and loans' profits surge back
Savings and loans reported their highest profit since 2007 as lenders recover from the worst economic crisis since the Great Depression, the U.S. Office of Thrift Supervision said.
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