Chinese Bank To Take Control Of US Retail Bank?
By: Ainsley Brown In a move that would be the first of its kind, a state-owned Chinese bank could take control of a US retail bank. The Industrial & Commercial Bank of China (ICBC) has reportedly signed a deal to acquire the majority stake in the US subsidiary of Bank of East Asia. The deal signed during the recent state… Continue reading "Chinese Bank To Take Control Of US Retail Bank?"