Features by Publication
Mon Oct 6th, 2014
If you think British banks are bad, you’ve never tried China’s
China’s banks are weak, ill-managed puppets of the state.
It’s hard to think of anything more badly run than a Chinese bank. Somalia perhaps, or the BBC’s remuneration committee. Certainly, Beijing’s embattled lenders make ours look like paragons of financial rectitude. We may dislike RBS et al for bringing our economy to its knees, but at least we’re not saddled with a cabal of banks…