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Bank of China
Latest Headlines
Latest Headlines
CEO pay much higher in United States than in other countries
As the G20 meeting gets underway, there's a lot of talk about financial reform. Whether anything of substance will actually flow from this high-profile confab is anyone's guess, though there are many who doubt any real change will result. But the event will certainly keep financial reform in t
More on Goldman Sachs' principal investing prowess
We noted recently that Goldman Sachs may be returning to its earnings-minting ways, which would be a good thing for shareholders, of course. In particular, I wondered when we'll see they day when Goldman books one major gain on a principal investment per quarter--the way it used to.
Goldma
Bank of America reduces stake in CCB
Does this strike you as a savvy move? Bank of America made a roughly $1.1 billion profit on the sale of its stake in China Construction Bank. The $2.83 billion sale reduced the bank's stake from 19.1 percent to 16.6 percent, notes the Financial Times . The sale was expected. In fact, there was
What to make of Goldman Sachs' big loss
Not too long ago, we were still talking about Goldman Sachs as the gilded bank that could do no wrong--the only investment bank to weather the credit crisis. But then it was forced to turn itself into a bank holding company, and everything seemed to change. Now, it seems likely that it will face a
End of an era: Goldman to post first loss?
Hard to believe, but Goldman Sachs has never posted a loss as a publicly traded company. That, however, may soon change. Glenn Schorr, analyst at UBS, predicts a loss for the fourth quarter. You have to think that others may follow. Advisory revenue will no doubt be weak. Trading may not be much b
ALSO NOTED: Cerebus calls off ACS purchase; Lehman raises $3 billion to invest in leveraged loans; and much more...
Company News: > Bank of China earnings up. Article > Lehman raises $3 billion to invest in leveraged loans. Article > More on the Bear Stearns layoffs. Article > More on Bank of America's exit from wholesale mortgage lending. Article > More on O'Neal seve
SPOTLIGHT: China Banks Looking Abroad
Big banks in China are continuing to stream abroad. And not just into the U.S. The latest is that Industrial & Commercial Bank of China, now the world's largest bank by market cap, is investing in South Africa's Standard Bank Group. Article
(Bank of China, banks)
China now leads world in high market cap companies
We noted recently that Chinese banks seem to be stoking the same sort of fear and awe that Japanese banks did in the 1980s. You also have to wonder if the China stock market isn't setting itself up for a Japanese bourse-like tumble. Which is to say a long-lasting bursting that puts to bed certain
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.
Top banks start forex services in China
The on-going opening of the China market to foreign financial services firms has generated a lot of excitement. The latest is that
