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Chinese Banks Prepare Contingency Plans Over Threat of US Sanctions: Report

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In worst-case scenarios under consideration by the Bank of China and Industrial and Commercial Bank of China (ICBC), the lenders are looking at the possibility of being cut off from U.S. dollars or losing access to U.S. dollar settlements.

from Top Business News- News18.com
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Chinese Banks Prepare Contingency Plans Over Threat of US Sanctions: Report Chinese Banks Prepare Contingency Plans Over Threat of US Sanctions: Report Reviewed by Team Exprssnews on July 09, 2020 Rating: 5

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