Skip to: Content
Skip to: Site Navigation
Skip to: Search
TUESDAY, NOVEMBER 24, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Citic Securities Co.

Citic Securities Co. stories: 3 news summaries

Secret Lehman Sale Talks Fail

South Korean, Chinese investors balk at hefty $5B price for half
of troubled bank

Aug 21, 08 9:48 AM CDT
(Newser) - Secret talks earlier this month to sell up to half of struggling US investment bank Lehman Brothers to South Korean or Chinese buyers fell apart after last-minutes squabbles over details, the Financial Times reports. The bank, which is expected to announce up to $4 billion in writedowns next month, was... More »

MORE ABOUT:
Lehman Brothers • credit crisis • Citic Securities Co. • writedowns • sovereign wealth funds • subprime crisis • investment banks • Korean Development Bank

Chinese Pension Fund Considers US Private Equity Deals

Burned by Blackstone, Beijing takes it slow

Oct 30, 07 9:25 AM CDT
(Newser) - China, suffering buyer’s remorse after investing in US private equity firm Blackstone, is taking its time before diving back into that end of the financial pool, reports the Financial Times. The Big Three of US equity firms, Carlyle, KKR, and TPG, are each seeking a minority investment from China’... More »

MORE ABOUT:
China • Blackstone Group • Bear Stearns • US economy • Citic Securities Co.

Bear Stearns, China's Citic Trade $1B Stakes

Partnership will develop products,   services for Chinese and Asian markets

Oct 22, 07 9:02 AM CDT
(Newser) - In a welcome boost after this year's devastating subprime losses, Bear Stearns today moved to secure a long-coveted slice of the Chinese market. Stearns and China’s Citic Securities Co. agreed  to invest $1 billion in each other, pooling their Asian resources to develop new products for the Chinese market,... More »

MORE ABOUT:
China • subprime mortgages • mergers and acquisitions • Bear Stearns • Asian markets • Citic Securities Co. • joint ventures

3 Stories


from our news partners