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1. Spreading the Wings: U.S., European Banks Are Looking to Asia.

Author

Mollenkamp, Carrick, Linebaugh, Kate, Sidel, Robin, and Kissel, Mary

Subjects
*BANKING industry, *FOREIGN investments
Abstract

Reports on the efforts of American and European banks to invest in Asian countries. Attempts to purchase stakes in local banks as a means of reducing risks; Interest shown by J.P. Morgan Chase & Co. in purchasing a 13% stake in Standard Chartered PLC; Banks which are pursuing partnerships in Asia, including Bank of America Corp., Deutsche Bank AG and ING Groep NV.

Published
2005

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