Sunday, 26 April 2020

Losses on Bank of China crude oil investment product could hit $1.3 billion


Walan! Lucky; this is not sold to retail investors in SG by banks here.
Read? Losses on Bank of China crude oil investment product could hit $1.3 billion

 SHANGHAI (Reuters) - Total losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than 9 billion yuan ($1.27 billion), the Caixin financial news outlet reported on Sunday, citing official sources.

 More than 60,000 individual investors involved in the scheme have lost deposits worth as much as 4.2 billion yuan, it said. A third of the total had invested more than 50,000 yuan each.
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2 comments:

  1. Rolf Suey26 April 2020 at 21:28:00 GMT+8

    If this what China retail investors lost, can you imagine how much US lost?

    ReplyDelete
  2. Createwealth888826 April 2020 at 22:06:00 GMT+8

    Common wisdom is most speculators or those on leverages will never expect they will lose much more money than they put in. If they know; their ball will shrink!

    ReplyDelete