@travi , members, I am unable to open an account with mfuindia.com because my bank does not have MICR code. Wrote to them. Received only automated response.
Today marked the first significant action, even though i'm posting Flip since last week. US indices have made same pattern, so working case is currently selling (or profit booking) but correcting.
Today marked the first significant action, even though i'm posting Flip since last week. US indices have made same pattern, so working case is currently selling (or profit booking) but correcting.
Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy A major Chinese shadow bank has filed for bankruptcy on the grounds it was unable to pay its debts.
The struggling group reportedly told investors in a letter in November that its liabilities - up to $64bn (£50.6bn) - had outstripped its assets, now estimated at about $38bn.
On Friday, a Beijing court published a statement on the social media network WeChat saying that ZEG's "assets are insufficient to pay off all debts, and it clearly lacks the ability to repay in full".