(RTD News Update) People’s Bank Of China: Hundreds Of Country’s Banks At Risk.

This past year has been difficult for #Chinese banks, and the country’s central #bank, People’s Bank Of China, said that about 13 percent of the country’s #financial institutions were considered “high #risk,” according to #Bloomberg.

People’s Bank Of #China ran a report — its 2019 China Financial Stability Report, published on Monday (Nov. 25) — and found that about 586 banks and financial institutions were highly risky, and in need of some sort of change. Though no specific banks were named, one got a score of “D,” meaning it was taken over or it went #bankrupt.

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