China’s Minsheng Bank to buy into UCBH

By Pete Southern in Uncategorized | October 8, 2007 10:00 |

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

Pete Southern 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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