The Traderszone Network

Published in TZ Latest News 28 August, 2015 by The TZ Newswire Staff

China banks warn of rising bad loans and falling margins as economy slows

SHANGHAI/BEIJING (Reuters) – China’s largest banks warned of a tough year after posting their weakest half-yearly profit growth in at least six years as a slowing economy forces the lenders to make even more provisions for soured loans and squeezes interest income.

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