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Tag: US Federal Reserve

Chinese Bank To Take Control Of US Retail Bank?

January 24, 2011 Ainsley Brown Leave a comment

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

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Banking, Commercial Awareness, Investment, Mergers and Aquisitions

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