Chinese Banks Caught for Misconduct

In Beijing, Chinese companies involved with the banking industry have reportedly been caught for misconducts totaling around 860 billion yuan (yen). So exactly how much is that in American dollars. It’s not quite as much, but 118 billion is still a large filing for misconducts. Amazingly the 445 misconducts are actually down from last year or 2006. I guess any type of improvement is still good improvement. See, and who says auditing crisis’s are an American problem!

~ by isaacswallstreet on January 19, 2008.