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Not too long ago, top Western banks were falling all over themselves to invest in big banks in China and elsewhere in Asia. The middle market was one of those "rare opportunities" not to... Read more...
Bank of America's first-quarter earnings of 23 cents a share sorely lagged the average estimate of 41 cents. The somewhat ominous twist this time is that the bank seems to be feeling the effects of... Read more...
Top banks have certainly spent a lot of resources aiming to lay the groundwork for a long stay in China. The latest example of progress is the move by Bank of America to jump into credit card... Read more...
There's a twist to the latest Chinese bank deal. This time, the Chinese bank is buying out the American bank. China Construction Bank will buy Bank of America's retail banking business in Hong Kong... Read more...
The Industrial & Commercial Bank of China, the largest bank in the country, has won approval for an IPO. Reports indicated that ICBC wants to raise up to $14 billion. It will likely follow the... Read more...
The upcoming IPO of the Bank of China is causing something of a frenzy in Hong Kong. Given the success of the China Construction Bank and Bank of Communications' IPOs, you can see why. Read more...
China Construction Bank has vociferously denied any plans to take a small stake in Bear Stearns. It says it has never held any such negotiations with the bank and suggests it is all rumor. The... Read more...