Latest Commercial banking News

South Sudan orders bank accounts of activists frozen

Oct. 07, 2021 13:38 PM EDT

JUBA, South Sudan (AP) — South Sudan has ordered the freezing of bank accounts of five members of a coalition of activists calling for political change. The People’s Coalition for Civil Action, formed in July, has called for President Salva Kiir and his rival deputy...

Chinese banks try to calm fears about developer's debts

Sep. 24, 2021 11:46 AM EDT

BEIJING (AP) — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt and say they can cope with a potential default. The announcements came as Evergrande Group...