Bank of China 'deeply disturbed' about investors' loss on oil products

Discussion in 'Wall St. News' started by ajacobson, Apr 28, 2020.

  1. ajacobson

    ajacobson

  2. maxinger

    maxinger

    Simply stop investing and learn to day trade.

    Then you don't face such problem.

    also trade with trend. don't be a hero and swim against the flow of water current.

    so title should be

    XYZ 'deeply disturbed' about investors' oil products trading knowledge, skills and ability.
     
    Last edited: Apr 29, 2020
    jys78 and Axon like this.
  3. Bank of China Ltd.’s estimate for the carnage to retail investors from the collapse in a product linked to U.S. crude oil futures surged 11-fold to more than 7 billion yuan ($1 billion) as it consolidated reports from its nationwide network, according to people familiar with the matter.

    The estimate of losses to customers across China increased from about 600 million yuan in the middle of last week as more information was gathered from its more than 10,000 outlets, said the people, asking not to be identified discussing a private matter. The number isn’t final and subject to further change as more branch data are examined, one of the people said.

    https://www.bloomberg.com/news/arti...ave-1-billion-losses-on-oil-bet?sref=8VvBkCcD