TITLE

BOFA'S BLUNDER

AUTHOR(S)
Delfeld, Carl
PUB. DATE
September 2006
SOURCE
Forbes Asia;9/18/2006, Vol. 2 Issue 15, p100
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers reflections on the decision of Bank of America to sell its retail and commercial franchise Bank of America Ltd. to China Construction Bank in 2006. As part of the deal, Bank of America agreed not to compete on its own in mainland China. Instead of leveraging its significant base in Hong Kong, China to build a brand and base in China, it will fade into obscurity.
ACCESSION #
22512887

 

Related Articles

  • B of A May Get a $13B Boost from China Stake.  // American Banker;8/11/2010, Vol. 175 Issue 123, p24 

    The article reports that financial firm Bank of America Corp. could post a gain of up to $13 billion on its investment in bank China Construction Bank Corp.

  • B of A Selling Half of Chinese Bank Stake. Kline, Alan // American Banker;8/30/2011, Vol. 176 Issue 134, p16 

    Brief information is given about Bank of America Corp.'s agreement to sell half of its share in China Construction Bank to an investor group for $8.3 billion.

  • B of A Sells Most of Stake in Chinese Bank.  // American Banker;11/15/2011, Vol. 176 Issue 176, p11 

    Brief information is given about Bank of America Corp.'s deal to sell 10.4 billion shares of China Construction Bank Corp. which will produce an after-tax gain of $1.8 billion and a previous sale of China Construction stock that produced a gain of $3.3 billion.

  • B of A to Expand Stake in China Bank.  // American Banker;11/18/2008, Vol. 173 Issue 223, p20 

    The article reports that Bank of America announced it would double its investment in China Construction Bank Corp., that country's second largest bank. The announcement came in response to speculation that Bank of America would sell its interest in the foreign bank to raise capital to cope with...

  • B of A May Sell China Bank Stake.  // American Banker;6/3/2011, Vol. 176 Issue F321, p15 

    The article reports that Bank of America Corp. may divest itself of its interest in the Chinese bank China Construction Bank Corp.

  • B of A in Joint China Leasing Venture. Davis, Paul // American Banker;9/7/2007, Vol. 172 Issue 173, p20 

    The author reports on a partnership between Bank of America Corp. and China Construction Bank in order to sell leasing services to customers in China. According to the article, Bank of America will own almost 25% of China Construction Bank through this deal. Services which will be offered to...

  • Roundup: Prudential Raises $140 Million for German Investment.  // National Mortgage News;7/11/2005, Vol. 29 Issue 41, p18 

    Reports on developments related to mortgage companies worldwide. Fund raising of Prudential Real Estate Investors for its German residential investment strategy to invest in the expansion residential real estate investment group DeWAG Deutsche WohnAnlage GmbH; Acquisition of stocks from China...

  • SECTOR NEWS.  // China Economic Review (13506390);Dec2011, Vol. 22 Issue 12, p8 

    The article offers news briefs related to China's economic condition in 2011. It mentions that its gross domestic product (GDP) growth moderated to 9.1 percent in the third quarter, which was considered the slowest pace in more than two years. It states that Chinese housing prices have began to...

  • Capital Boost Puts a New Spin on B of A Investment. Davis, Paul // American Banker;5/13/2009, Vol. 174 Issue 91, p16 

    The article discusses the decision of Bank of America Corp. to buy large amounts of stock of the China Construction Bank in June 2005. Bank of America is selling 13.5 billion shares of the company in 2009 to comply with the U.S. Treasury Department's requirement to raise capital. The sale of the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics