Chinese banks - getting worse

In China bank depositors have been robbed as four banks have done a ‘bail in’. The Chinese banking problem is now spreading outside of China:

Lengthy lines outside a Sydney bank have come as an eerie warning about what is unfolding in China, where hundreds of thousands of customers have been left unable to withdraw their own money.

Dozens of members of the public have been spotted forming a long line every day outside the Haymarket branch of the Bank of China in the CBD.…


Since April have there been any other banking failures?

I am not asking about Sydney branches.

The real story MIGHT or MIGHT not happen on a larger scale in the weeks or months ahead. It really wont be centered on a few banks failing in a smaller province.