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The American Empire in a Changing World



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Friday, April 27, 2012

''China's Big Four banks hit by slowdown, costs''

From Reuters


"China's Big Four banks' reported weaker-than-expected first-quarter earnings on Friday, with the sector facing growing pressure from a slowing economy and rising funding costs.

Regulators have also closed in on the banks' freewheeling practice of charging fees and commissions, after the volume of complaints from customers and politicians grew louder in the last year."

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