Chinese state media blamed political infighting and poor financial regulation in the US for recent bank failures, escalating the two nations’ war of words amid simmering tensions. “While the management of the banks in question should bear the most direct responsibility for the mismanagement of the companies, the absence or mistakes of the US on financial supervision and macro policies is the most important thing to reflect on from the incident,” the official Xinhua News Agency said in an analysis piece published Wednesday. “The flip-flopping of financial supervision due to domestic political disputes was totally ... (full story)