News Snapshot:
The Associated Press BEIJING (AP) — A former chairman of Bank of China Ltd., one of the country's four major state-owned lenders, is under investigation by the ruling Communist Party's anti-corruption agency, state TV reported Friday, adding to a string of high-level financial figures ensnared in a marathon crackdown. Liu Liange, who also is a former party secretary of the bank, is suspected of “serious disciplinary violations,” China Central Television said on its website. The one-sentence report gave no details of the allegations against Liu. Figures including bank executives, a deputy central bank governor and a former insurance regulator have...
