ICBC to focus on emerging markets

Article Abstract:

The Industrial and Commercial Bank of China will concentrate on acquiring banks in emerging markets. ICBC made the nation's largest-ever overseas purchase when it bought a 20% stake in South Africa-based Standard Bank Group Ltd. for $5.5 bil, and has recently bought an 80% stake in Macau's Seng Heng Bank.

Commercial Banks, China, South Africa, Industrial and Commercial Bank of China, Macao, Seng Heng Bank, Standard Bank Group Ltd.

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Wells Fargo and Co.

Article Abstract:

The author examines Wells Fargo and Co. acquisition of Seattle-based Pacific Northwest Bancorp. Topics include securities prices and rates, Pacific Northwest's profits, and the bank's business losses.

Corporate Profits, Profit, Profits, Wells Fargo & Co., Business losses, WFC, Pacific Northwest Bancorp.

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U.S. Treasurys prices rise on note auction

Article Abstract:

U.S. Treasury security prices increased on a new five-year note placement valued at $16 million. However, the gains were moderated once news of the sale were taken in by investors.

Treasury securities

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