Taiwan bank run unlikely to spur consolidation



The minor banking crisis sparked in Taiwan during January by a run on Taipei-based Chinese Bank is unlikely to increase pressure for consolidation in the country's crowded banking market, says Taiwan's financial watchdog, the Financial Supervisory Commission (FSC).

Chinese Bank, an affiliate of troubled China Rebar and Chia Hsin Group, suffered a run by depositors concerned that the insolvency announcements of its two sister companies made earlier in January would affect the bank's financial

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