China’s banking regulator has warned companies not to use the word “bank” in their names following a series of scandals and multibillion-dollar investment scams. The Financial Times reports several outfits posing as accredited financial institutions have been exposed by the regulator in the past year, among them a China Construction Bank operating out of a convenience store in a village in Shandong province. An international trade union spotted a company whose name included the words “Goldman Sachs” operating in Shenzhen, bordering Hong Kong, last year. The China Banking Regulatory Commission’s Beijing office cautioned against use of the word — either in Chinese or in English — in titles and advertising and also warned against illegal capital-raising.