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China bank executives facing corruption probes

By Elaine Kurtenbach
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SHANGHAI (AP) — Bosses of China’s postal bank and a regional city lender are among the latest financial bigwigs caught up in spreading corruption investigations.

Postal Savings Bank Gov. Tao Liming is “assisting an investigation by relevant authorities into a personal ‘economic problem’,” the bank said in an announcement Monday, using the usual euphemism in China for graft allegations.

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