China to rein in bank risk, eyes private lenders

China banking regulator vowed today to take steps to rein in banking risks in 2014 while outlining plans to set up private banks to boost competition in the industry. Three to five private banks will be set up under a pilot scheme, the China Banking Regulatory Commission (CBRC) said in a statement following a meeting on banking... Read More

Activists blocking an entrance during the squatting of an empty building in Madrid. The building belongs to Spain

Activists blocking an entrance during the squatting of an empty building in Madrid. The building belongs to Spain's Caixabank and will be used to house families who have been evicted or are in a precarious situation. - Reuters pic, January 6, 2014.

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