News Snapshot:
Forgotten Passwords: $140 Billion Bitcoin Write-Off? China Construction Bank, the world’s second-largest commercial lender, hires from rival Bank of China to appoint a new president. Wang Jiang was named president of CCB, according to a Caixin report citing unnamed sources, filing a position that has been vacant for two months. Wang will also serve as vice chairman for the Shanghai and Hong Kong-listed CCB. Wang, 57, will be returning to CCB where he worked for many years including as its the general manager of its Hubei and Shanghai branches. At Bank of China, he was a vice-chairman since January 2020...
