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ICBC extends business to London

Published Thu, Jan 30, 2014 · 10:00 PM

London

THE Industrial and Commercial Bank of China (ICBC) agreed on Wednesday to buy a controlling interest in Standard Bank's global markets business in London for US$765 million.

The deal will make the bank, which is China's largest, the first large Chinese lender to have a substantial trading operation in London, and it could be a precursor to investment in Britain by other Chinese financial companies.

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Companies & Markets

Companies & Markets

ICBC extends business to London

Companies & Markets

Zero-day options boom will only grow even as some investors fear disaster

Singapore stocks open in the black on Monday; STI up 0.3%

China’s CICC demotes senior bankers, cuts pay to slash costs

Paramount bidders await word from special committee evaluating options

Stocks to watch: Singtel, Venture Corp, ARA H-Trust, YHI International, LHN

Optus names National Broadband Network’s Stephen Rue as incoming chief

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