Business opportunities for Chinese bank acquisitions of U.S. banks *

China, USA - July 26 2012
This past May, the Federal Reserve Board (“FRB”) approved for the first time the acquisition of control of a U.S. national bank by China’s largest bank, Industrial and Commercial Bank of China (“ICBC”) with $2.5 trillion in assets, together with the approval of branch openings by two other Chinese Banks.

Co-authors: Douglas P. Faucette, Tom Tong.