All Entries Tagged With: "Bank of China"
Royal Bank of Scotland (RBS) chief in talks over Bank of China
The new chief executive of Royal Bank of Scotland (RBS), Stephen Hester, is said to be discussing the sale of its £2 billion stake in the Bank of China, and taking his first steps to fix the troubled Edinburgh-based bank worldwide empire.
It’s been reported than Stephen Hester is currently in Beijing discussing the sale, RBS [...]
Li Ka-Shing set to sell $524 million shares in Bank of China
Li Ka-shing the Hong Kong billionaire is selling up to HK$4.06 billion ($524 million) worth of shares in Bank of China Ltd (HKG:3988), according to a share document the bank is the third largest in China.
Merrill Lynch & Co are managing the sale of the share holding, Li Ka-shing’s company Li’s Magnitico Holdings Ltd is [...]
HSBC and Bank of China: Economy and Mortgage Rates
The two main home lenders in Hong Kong, HSBC Holdings Plc (HKG:0005) and Bank of China Ltd both raised their mortgage rates, the move will add to the pressure on property prices.
HSBC will now charge 1.5 percent below there its best rate for mortgages above HK$1.5 million ($194,000). According to calculations by Bloomberg this [...]