China’s Minsheng Bank to buy into UCBH
China’s Minsheng Bank to buy into UCBH
SHANGHAI (Reuters) – Minsheng Banking Corp will buy 9.9 percent of San Francisco-based UCBH Holdings for more than $200 million in the first strategic investment by a mainland Chinese bank in a U.S. bank.
Source: feeds.reuters.com
JPM and BAC to write down $3 billion in loans: report
NEW YORK (Reuters) – JPMorgan Chase and Bank of America are expected to disclose losses of about $3 billion in mortgage securities and leveraged loans when they report earnings this month, the Financial Times reported, citing an analyst.
Source: feeds.reuters.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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