Superbank Troubleshooter Role Cuts Risk to ’08 Low

Superbank Troubleshooter Role Cuts Risk to ’08 Low

Tomohiro Ohsumi/Bloomberg

A man walks under elevated tracks of the Beijing Subway in Beijing. The cost of insuring the debt of China’s largest lender to roads, bridges and railways against non-payment with credit-default swap contracts for five years slid to 76 basis points on March 12, the least since May 2008.