Deals
Minsheng Sinks as President Resigns After Probe Report
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China Minsheng Banking Corp. shares fell after President Mao Xiaofeng resigned and a magazine reported that he’s being investigated by Chinese authorities.
Minsheng, a lender with a market capitalization bigger than Deutsche Bank AG or Credit Suisse Group AG, slid as much as 10.5 percent in Hong Kong and 6.6 percent in Shanghai on Monday. Those declines were pared to 3.1 percent and 3.2 percent respectively by market close.