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RPT-Rallye debt losses burn JP Morgan and HSBC

June 12 (IFR) - The pick-up in European corporate defaults continues to weigh on bank trading desks this quarter, with JP Morgan and HSBC on the hook for sizeable losses after French holding company Rallye entered bankruptcy protection last month.

UPDATE 1-China's money rates jump after Baoshang Bank takeover stokes liquidity fears

China's primary money rates rose on Tuesday as market sentiment remained fragile after the takeover by regulators of a troubled regional bank, heralding a possible weakening of small banks' ability to access interbank funding. The People's Bank of China (PBOC) vowed on the weekend to offer liquidity support to Inner Mongolia-based Baoshang Bank after regulat

China's money rates rise after Baoshang Bank takeover stokes liquidity worries

China's primary money rates rose on Tuesday as market sentiment remained fragile after the takeover by regulators of a troubled regional bank. The People's Bank of China (PBOC) vowed on the weekend to offer liquidity support to Inner Mongolia-based Baoshang Bank after regulators took it over, citing serious credit risks posed by the lender. While the central bank kept pumping liquidity into financial syste

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