China Bank Moves to Buy U.S. Branches

ICBC Signs a Deal for Bank of East Asia’s Retail Outlets

Lingling Wei The Wall Street Journal 1/22/2011

CHICAGO—China’s biggest bank signed an agreement that would make it the first Beijing-controlled financial institution to acquire retail bank branches in the U.S., though regulators could still block the deal.

Under the deal, Industrial & Commercial Bank […]

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