Airing on Thursday, April 30, 2015: China introduces deposit insurance on Friday. This has less to do with protecting Chinese bank customers’ money and more to do with the Chinese government controlling the amount of risk that Chinese banks are taking. Plus: Secret, a social networking app that keeps its users’ identities hidden, has just shut down. Now, Secret has announced it’s giving its investors their money back. We look at the reasons behind the unusual move and whether it will have ramifications for other start-ups.
Airing on Thursday, April 30, 2015: China introduces deposit insurance on Friday. This has less to do with protecting Chinese bank customers’ money and more to do with the Chinese government controlling the amount of risk that Chinese banks are taking. Plus: Secret, a social networking app that keeps its users’ identities hidden, has just shut down. Now, Secret has announced it’s giving its investors their money back. We look at the reasons behind the unusual move and whether it will have ramifications for other start-ups.
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