NewsPeople's Bank of China Looking to Diversify Into Precious Metals?
New Century says that it got this information from confidential sources inside the Chinese central bank, which is concerned about the continued devaluation of the US dollar and wants to preserve the future buying power of its reserves. ... read more
Peoples Financial Corporation Earnings Total $438000 in First Quarter of 2011
The bank's primary capital ratio increased to 13.43% at the end of the first quarter of 2011, compared to 12.96% at the end of 2010. Founded in 1896, with $833 million in assets as of March 31, 2011, The Peoples Bank operates 16 branches along the ... read more
China's Forex Cache: Too Much of a Good Thing
The People's Bank of China is mulling a new strategy for managing – through diversified investment – its enormous cache of foreign currency and bonds, whose total value exceeded an all-time record US$ 3 trillion in late March. The amount of US Treasury ... read more