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Last updated: 15:50:09 Tuesday Dec 1, 2009


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  • Geely taps China banks to back $1.8 billion Volvo deal
    HONG KONG (Reuters) - Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's (F.N) Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.   Activities:2009 Geely Bidding Volvo   Source:(Reuters)   2009-12-01

    JPMorgan tops strong bank list, RBS biggest loss
    LONDON (Reuters) - JPMorgan (JPM.N) tops a list of the world's strongest banks, while Royal Bank of Scotland (RBS.L) suffered the biggest loss of any lender last year, according to new industry rankings on Wednesday.   Nations:Spain   2009-06-23

    RBS confirms sale of stake in Bank of China
    LONDON - The Royal Bank of Scotland PLC said Wednesday it has sold its 1.6 billion pound ($2.3 billion) stake in the Bank of China, a move analysts say is meant to shore up its balance sheet.   Source:(AP)   2009-01-15

    RBS mulling sale of Bank of China stake: FT
    LONDON (AFP) - Royal Bank of Scotland (RBS), one of three banks bailed out by the British government in October, is considering selling its two-billion-pound stake in Bank of China, the Financial Times said Thursday.   Activities:Global Financial Crisis   Source:(AFP)   2009-01-08

    Bank of America sells shares in Chinese bank
    BEIJING - Bank of America Corp. raised more money Wednesday to cope with U.S. economic turmoil by selling part of its stake in China Construction Bank Ltd., China's second-biggest commercial lender, for $2.8 billion.   Nations:U.S.   Activities:Global Financial Crisis   Source:(AP)   2009-01-07

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