This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXNPEB6R0LD_M.jpg
© Reuters.By Gina Lee
Investing.com – The China Banking and Insurance Regulatory Commission launched an investigation into claims that China Citic Bank leaked client information.
The regulator accused the lender on Saturday of revealing details of transactions made in an unspecified client’s personal bank account without authorization.
The claims, if proven, would be in breach of Chinese commercial banking law and relevant regulation. It also harmed the client’s consumer rights and information security rights, CBIRC added.
China Citic’s Shanghai stock (SS:) dropped 0.19% to CNY5.14 ($0.726). Meanwhile, its Hong Kong stock (HK:) was up 0.53% to HK$3.80 ($0.49) by 12:19 PM ET (5:19 AM GMT).
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
