China banking regulator fines five firms over irregularities

China Bohai Bank

17/02/2023 09:36

BEIJING, Feb 17 (Reuters) - China's banking and
insurance regulator fined five financial institutions including
China Construction Bank and Standard Chartered's China unit over
irregularities in their businesses, according to statements
released on its website on Friday.
    The China Banking and Insurance Regulatory Commission
confiscated illegal gains of Standard Chartered Bank (China) Ltd
worth 36.3 million yuan and fined the bank 13.4 million yuan,
according to a statement. 
    It also imposed fines on four domestic lenders, including
Bank of China, China Minsheng Bank and China Bohai Bank.
 (Reporting by Beijing Newsroom)
 ((Ziyi.Tang@thomsonreuters.com;))