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User ID: 12824902 United States 05/09/2012 07:32 PM Report Abusive Post Report Copyright Violation | The Financial invasion of America !! - Fed Clears China's First US Bank Takeover !! - And It Starts !! The United States on Wednesday opened its banking market to ICBC, China's biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East Asia. The transaction will make ICBC the first Chinese state-controlled bank to acquire retail bank branches in the United States. ICBC has been the most aggressive of China's "big four" banks in expanding overseas. [ link to ca.news.yahoo.com] Last Edited by wise1 on 05/09/2012 07:43 PMLove and Light ................................... |
Anonymous Coward User ID: 8392941 United States 05/09/2012 07:33 PM Report Abusive Post Report Copyright Violation | Re: The Financial invasion of America !! - Fed Clears China's First US Bank Takeover !! - And It Starts !! "It will buy up to 80 percent of the US unit of the Hong Kong-based Bank of East Asia" |
Anonymous Coward User ID: 15738519 United States 05/09/2012 07:36 PM Report Abusive Post Report Copyright Violation | Re: The Financial invasion of America !! - Fed Clears China's First US Bank Takeover !! - And It Starts !! What happens when you don't pay your mortgage---do you go to a camp?
I guess it beats making money selling crappy plastic toys. |
Anonymous Coward User ID: 14620252 United States 05/09/2012 07:37 PM Report Abusive Post Report Copyright Violation | Re: The Financial invasion of America !! - Fed Clears China's First US Bank Takeover !! - And It Starts !! Pin this!
The Financial invasion of America |
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User ID: 12824902 United States 05/09/2012 07:38 PM Report Abusive Post Report Copyright Violation | Re: The Financial invasion of America !! - Fed Clears China's First US Bank Takeover !! - And It Starts !! That is how you take over a country, without ever firing a bullet. Last Edited by wise1 on 05/09/2012 07:39 PMLove and Light ................................... |
Anonymous Coward User ID: 11314227 United States 05/09/2012 07:56 PM Report Abusive Post Report Copyright Violation | Re: The Financial invasion of America !! - Fed Clears China's First US Bank Takeover !! - And It Starts !! Some people have a lot of catching up to do. "The financial invasion of america" happened before anybody reading this grandparents were alive. |