Two Big Chinese banks post hefty profit gain: Industrial and Commercial Bank of China and Bank of Communications in different cities in China.
Page C5: Citi seeks $3 billion more common stock sale would lift infusion to $39 billion total. That remains to be seen. I visited Citi Bank in Shanghai in October 2007.
Bank of America Corporation and JP Morgan Chase and Co. have been going to the markets to pad their coffers. Bank of America has about 10% invested stake with China Construction Bank, I have reason to believe that negotiations will be conducted in the months to come for mutual benefit.
Francis Shieh a.k.a. Xie Shihao, a visitor of China Construction Bank in Shanghai,Nanjing and other cities in Jiangsu province in January and February 2008. April 30, 2008 at 9.20 p.m.