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Few options for River Place residents ousted from troubled building Tuesday

Tenants said they’re facing down the deadline with very few options. “It’s a nightmare,” said John Bradley, a River Place tenant. “It’s been one thing after another and now we’re all basically on the street.” It is so unfortunate that it has come to this Some of the building’s residents, including Bradley, had moved to River Place from “tent city,” the encampment in the city’s downtown core disbanded by officials late last year. Bradley said he had been living at River P...
Tammy Lynn Champman Michael Thiele Kathleen Saylors John Bradley Dan Janisse Windsor Debbie Cercone

China's banks are bursting with dollars, and that's a worry | Hellenic Shipping News Worldwide

China’s banks are bursting with dollars, and that’s a worry A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan. Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China’s banks leapt above $1 trillion for the first time in April, official data shows A previous jump, late in 2017, preceded heavy dollar selling...
United States Hong Kong City Of United Kingdom Paul Mackel Rohit Arora

China's banks are bursting with dollars, and that's a worry

Publishing date: Jun 01, 2021  •  1 hour ago  •  4 minute read  •  Article content SHANGHAI/SINGAPORE — A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan. Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China’s banks leapt above $1 trillion for the first time in April, official data shows We ...
United States Hong Kong City Of United Kingdom Vidya Ranganathan Barbara Lewis

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