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Chinese banks seek CBL Corp liquidation

Move points to schism in banking syndicate. 

Tim Hunter and Victoria Young
Thu, 14 Jun 2018

Two Chinese banks who lent $66 million to stricken insurer CBL Corporation have applied to have the company moved into liquidation.

Court records show the two plaintiffs in the application are the Industrial & Commercial Bank of China and the Bank of China.

CBL Corporation is listed as

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Tim Hunter and Victoria Young
Thu, 14 Jun 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Chinese banks seek CBL Corp liquidation
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