China

And Google Payment Corp. is under federal supervision over risks to consumers.

It focuses on digitalising financial institutions and leveraging data and technology.

The head of these banks' parent company is on the run and wanted for financial crime.

The bond market’s repayment woes may force banks to make concessions for the sake of financial stability.

CBIRC also warned against emerging local real estate bubbles.

This is to ensure that troubled financial institutions won't end up needing costly bailouts.

This also bodes well for its overseas bond issuer Huarong International.

Emerging banks in Asia continue to be in a tough operating environment, says Fitch.