China's NFRA seized control of Wuhan Zhongbang Bank over severe credit risks, continuing Beijing's pattern of intervening in troubled private lenders.

China's NFRA seized control of Wuhan Zhongbang Bank over severe credit risks, continuing Beijing's pattern of intervening in troubled private lenders.

State-backed Hankou Bank will absorb the Wuhan-based lender whose private corporate founders are mired in debt

Wuhan Z-Bank becomes latest target due to 'severe credit risks'