Bank managers fired en masse after auditor findings
China Bank Regulatory Commission say auditors find 445 cases of irregularities at banks
A hundred and seventeen Chinese bank managers have fired after auditors
discovered misconduct at banks worth £60bn.
Auditors stepped up oversight of banks and found 445 cases of irregularities
this year, down 58.4% from last year, when 12,687 people were fined or received
other punishment for bank misconduct.
The figures, from the China Banking Regulatory Commission, gave no details
and didn’t say whether prosecutions would follow.