The Daily Dig for Thursday, June 4

Brazilian bank offers microcredit and financial literacy training Many Brazilians with low incomes are unbanked, partially because the banks have nothing to offer them. The largest private bank is trying to change that, according to this article in the Guardian. ...

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Is China headed for a crash?

They’re from a country making up nearly 20% of the world’s population.  In five years they replicated the entire U.S. banking system.  Thanks largely to shadow banking, their financial services sector churns out an average of 115 products per day, ...

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