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The Chinese banking regulator estimated that segment of public finance has grown at a clip of 25% year over year.
FORBES: China Debt Manageable, Ex Fin Min Says
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On Dexia, it was only on July 15 that the European Banking Authority disclosed that this retail and public-sector finance bank would have a ratio of core Tier One capital to assets of 10.4%, even after incurring notional losses from harsh simulated financial and economic conditions.
BBC: Can we afford to heap bank losses on creditors?
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Katsuhiko Kumazaki, the head of the Tokyo District Public Prosecutors office, probed into corruption at the Ministry of Finance and in the banking industry in 1997 and netted several indictments.
FORBES: Japan's Dirty Secrets