China studying IBM bank servers for risk

The Chinese government is currently reviewing whether domestic banks’ reliance on high-end servers from International Business Machines (IMB.NYSE) compromises the country’s financial security, Bloomberg reported, citing unidentified sources. Government agencies including the People’s Bank of China and the Ministry of Finance are asking banks to remove the IBM servers and replace them with a local brand as part of a trial program, in the latest escalation of the dispute with the US over cyber-espionage claims.