SUBSCRIBE TO RSS FEED
The Washinton Post reports today that Citic Securities, a Chinese firm controlled by the Chinese government in Beijing, would acquire a nearly 10% stake in Bear Stearns under a proposed joint venture. China has never purchased a stake in a Wall Street investment bank, previous to this announcement.
Filed under: Economy—US Dollar | Tagged: Bear Stearns, China, Chinese firm, Citics Securities, economy, foreign buyouts, IMF, US Dollar | Leave a Comment »
