Regulator Hasn’t Forgotten About Central China’s Multibillion-Dollar Bank Scandal

China’s top banking regulator vowed to continue its campaign to prevent small and midsize regional banks from taking large deposits outside their areas of operation or trying to attract depositors with “high” interest rates.

The promise is a sign that problems at some regional banks persist nearly a year after a scandal involving village lenders in central China left depositors unable to access their money, triggering violent protests.