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Chinese property market prolapsing - diagram included
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2022-10-24 at 7:03 PM UTC
Chiner melting down today. -
2022-10-24 at 7:35 PM UTC
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2022-10-24 at 7:41 PM UTC
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2022-10-24 at 7:52 PM UTC
What do they call dotcoms in Chiner? -
2022-10-24 at 8:03 PM UTC
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2022-10-24 at 10:13 PM UTC
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2022-10-24 at 11:58 PM UTCwait till you see the ripple.
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2023-05-04 at 3:33 AM UTCAnother Bank in China Collapsed:
Shortly after the close, Bloomberg reported that another regional, California-based bank (of course), PacWest Bancorp., was weighing a range of strategic options, including a sale.
The Beverly Hills-based bank - whose financial conditions it appears has been far worse than the Fed, which just hiked another 25bps, thought - has been working with a financial adviser and has also been considering a breakup or a capital raise, according to Bloomberg sources. While it is open to a sale, the company hasn’t started a formal auction process.
According to the report, "an outright sale has been hindered because there aren’t many potential buyers interested in the entire bank, which comprises a community lender called Pacific Western Bank and some commercial and consumer lending businesses, the people said." And similar to SVB and FRC, "a potential buyer would also have to potentially book a big loss marking down some of its loans, the people said."
https://www.zerohedge.com/markets/here-we-go-again-troubled-california-bank-pacwest-craters-60-report-it-seeking-buyers-or
