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China Bank Stops Fx Swaps, Forwards With Some European Banks -Sources

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http://www.reuters.com/article/2011/09/20/idUSB9E7K102K20110920

A big market-making state bank in China's onshore foreign exchange market has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, two sources told Reuters on Tuesday.

The European banks include French lenders Societe Generale , Credit Agricole and BNP Paribas .

"Apart from spot trading, all swaps and forwards trading (with the European banks) have been stopped," one source who is familiar with the matter told Reuters.

A significant event?

Looks like trust is rapidly disappearing from the system.

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http://www.reuters.c...E7K102K20110920

A significant event?

Looks like trust is rapidly disappearing from the system.

trust?...that disappeared a long time ago...its all about the quick buck, and it appears, they are again more concerned about return OF capital rather than return ON capital.

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A significant event?

Looks like trust is rapidly disappearing from the system.

If you had a shaky supplier and you stopped giving it credit, would you rush to the local newspapers to make it public?

What could be the Chinese incentive for disseminating that kind of information?

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A significant event?

Looks like trust is rapidly disappearing from the system.

All part of the trade negotiations.

China is playing good cop bad cop with US and EU. One day they're buying Piggy debt, next day they're buying USTs, next day they're wanting US deficit reductions, next day they're threatening EU banks.

One of these days they'll get twatted back. Bigstyle.

http://www.youtube.com/watch?v=YgvAwBDbuIo

Edited by Red Knight

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All part of the trade negotiations.

China is playing good cop bad cop with US and EU. One day they're buying Piggy debt, next day they're buying USTs, next day they're wanting US deficit reductions, next day they're threatening EU banks.

One of these days they'll get twatted back. Bigstyle.

http://www.youtube.com/watch?v=YgvAwBDbuIo

They couldn't do more to undermine the position of EU negotiators at the most critical stage of negotiations with Greece. I can imagine a lot of people being p*ssed off by this. Or perhaps they are hoping the negotiations will fail, 'divide and conquer'.

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  • 331 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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