Anti-graft probes position Chinese banks in tight spot

A version of this article was first published in FinanceAsia. The recently announced results of anti-corruption investigations into the activity of major Chinese banks, have placed them between a rock and a hard place. Evidence of corruption among top banking management and loans professionals is widespread, according to the Chinese government’s announcement on anti-corruption investigations, on February 24. In particular, several cases were highlighted at leading Chinese stat…