Most Popular Stories
Events
- Investment Consultants Forum
December 15 — The Princeton Club, NY - ABA Insurance Risk Management Conference
Jan 25-28 - ABA Risk Management Forum - a new event!
April 22-24 - Private Equity Analyst Outlook 2009
Jan 27-28 — Grand Hyatt, NYC
Sponsored Links
Latest News
State-owned China banks on the rise?
There was a time when Japanese banks struck fear into the hearts of U.S. competitors. That era passed when the Japanese bubble popped. Is the same happening now with Chinese banks? Most of the news has been about the likes of Citigroup and Bank of America yearning to set up shop in the mainland. But Industrial and Commercial Bank of China, a state-owned bank, is making a bid toward becoming a global force. According to the AP, it is seeking approval to open a U.S. branch, to go with the ones it operates everywhere from Macau to the Middle East to Russia. These banks are certainly bent on global growth. But then again aren't we all? This may alarm some, but others will see it as another predictable instance of globalization.
For more:
- here's an AP update
Related articles:
- China bank to bid for Bear Stearns
- More on China and Blackstone
Read more on: Citigroup l Bank of America
Related Stories
- BlackRock's Fink stays in the news
- ALSO NOTED: Citigroup may sell Japanese consumer finance unit; Morgan Stanley closes infrastructure fund; and much more...
- Stealth layoffs hitting Wall Street
- Capital raising to get harder for commercial banks
- ALSO NOTED: Richard Bove bullish on many banks; Court aproves gender suit settlement at Citigroup; and much more...
- Could anyone buy Lehman Brothers right now?
- What's Jamie Dimon waiting for?
- How bad will it be?
- Prime brokerage market heating up
- NYC expects big job losses
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site MapTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceSarbox | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceBiotech | FierceBioResearcher | FiercePharma | FierceVaccines | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2008 FierceMarkets, Inc. All rights reserved. |
![]() |


