22/12/16

Chinese Multibillionaire Defaults On Retail Bonds Due To "Severe Cash Crunch" [feedly]



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Chinese Multibillionaire Defaults On Retail Bonds Due To "Severe Cash Crunch"
// Zero Hedge

Italy's Monte Paschi isn't the only institutions that is about to soak retail investors who thought that two bailouts for Italy's third biggest bank in two years wouldn't be followed by a third nationalization in year #3. According to the South China Morning Post, a Chinese multi-billionaire businessman has defaulted on bonds worth a pa....


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