Mar. 5, 2009 (China Knowledge) - The Royal Bank of Scotland Group Plc (RBS), one of the largest banking and insurance holding companies in the UK, will terminate its strategic partnership with Bank of China<601988><3988>, which dates from 2005, later this month, sources reported.
Jan. 5, 2009 (China Knowledge) - Bank of China<601988><3988>, the country's fourth-biggest bank by assets, has extended the deadline to Mar. 31 for the acquisition of French private bank La Compagnie Financiere Edmond de Rothschild,...
BOC International Holdings Ltd, a wholly-owned subsidiary of Bank of China<601988><3988>, has opened a private bank in Hong Kong, in a bid to cater for the financial needs of the wealthy clients in Asian countries, the Wall Street Journal reported.Through the new unit, BOCI will offer the affluent entrepreneurs...
Russia-based aluminum giant United Company Rusal has hired two more investment banks, namely BOC International Holdings Ltd and Russian VTB Capital, to deal with its initial public offering in Hong Kong, sources reported, citing a person familiar with the situation as saying.Rusal, which plans to raise...
Bank of China Ltd<601988><3988>, the country's fourth-biggest bank by assets, on Friday entered into a cooperation agreement with China Daily, the country's national English-language newspaper. Under the agreement, BOC will provide China Daily with financial services and distribution platforms, while the latter...
BOC Hong Kong (Holdings) Ltd<2388>, the Hong Kong subsidiary of Bank of China<601988><3988>, on Thursday announced a net profit of HK$6.69 billion for the first half of this year, 5.6% less than its profit in the same period of last year due to a drop in interest income. However, BOC HK said that the figure...
Bank of China (BOC)<601988><3988>, one of the Big Four state-owned banks in China, plans to buy an 8% stake in Beijing-Shanghai High-Speed Railway Corp for nearly RMB 10 billion, sources familiar with the deal said, the China Daily reported on Friday. BOC's investment arm, Bank of China Group Investment...
China's Alibaba.com Ltd<1688>, the world's largest online B2B marketplace, recently formed a long-term strategic alliance with Bank of China<601988><3988> to collaborate in areas that include online payments, small business financing and joint marketing. Under the agreement, Alibaba and BOC will...
The People's Bank of China, the central bank, will issue RMB 45 billion worth of one-year bills to Bank of China<601988><3988>, the country's largest foreign exchange lender, due to BOC's explosive lending in the first half, sources reported on Friday.The sources said that BOC will pay the bills in September....
China Life Insurance Co Ltd<601628><2628>, the country's largest insurer by premiums, and Bank of China Group Investment Ltd (BOC Investment), a wholly-owned subsidiary of Bank of China (BOC)<601988><3988>, will each subscribe US$50 million worth of shares in Beijing Building Materials Group...