CNBC Daily Open: China shuts down record 670 banks, new worries over oil and AI
- Posted on October 6, 2026
- By CNBC
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- 1 min read
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CNBC Daily Open: China shuts down record 670 banks, new worries over oil and AI
Beijing shuts down a quarter of its banks in order to shore up its financial system, while worries persist over oil and AI.
