ICBC may expand share in Credit Suisse JV.
Global Banking News-19 October 2009-ICBC may expand share in Credit Suisse JV(C)2009 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 19 October 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
China-based The Industrial and Commercial Bank of China (1398.HK) (ICBC) may expand it share in its joint venture with Credit Suisse (NYSE: CS), ICBC Credit Suisse.
China Ocean Shipping Company announced plans earlier this month to auction off its 20% stake in ICBC Credit Suisse.
ICBC is now expected to acquire that stake in the fund management joint venture through an auction.
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|Publication:||Global Banking News (GBN)|
|Date:||Oct 19, 2009|
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