China probes officials, repays more depositors in Henan bank scandal ...Middle East

BEIJING: Authorities scrambling to contain the damage from a rural banking scandal in central China's Henan province said on Friday that more depositors will be repaid, while three regulators were put under investigation.Deposits worth at least $1.5 billion at a handful of small lenders have been frozen since April in what authorities have said was a complex scam, and which sparked high-profile protests amid renewed concerns about the 4,000 small banks across China.Authorities in Henan province announced a third round of repayments, starting Aug. 1, to clients of four rural banks with deposits of between 100,000 yuan ($14,787) and 150,000 yuan.Authorities in Anhui province's Bengbu city issu

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China probes officials, repays more depositors in Henan bank scandal ...Middle East

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