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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Bank of China

Bank of China stories: 3 news summaries

Nevada Deals 20 Years to
Thieving Chinese Bankers

Embezzlers tried to launder stolen $500M through Vegas casinos

May 7, 09 4:34 AM CDT
(Newser) - Two managers who scammed the Bank of China for nearly $500 million and fled to the US have been sentenced to more than 20 years each by a Nevada court, the BBC reports. The men's wives—who helped them launder the cash through Las Vegas casinos—were given 8-year sentences.... More »

MORE ABOUT:
China • fraud • Las Vegas • money laundering • Nevada • embezzlement • bank fraud • Bank of China

 China: Ditch the Dollar 
 as World Standard 

Central bank says IMF asset could be solution

Mar 24, 09 9:43 AM CDT
(Newser) - Highlighting international anger over the sorry state of the US economy, China has called for the dollar to be dumped as the global currency standard, the Wall Street Journal reports. China’s central bank said an International Monetary Fund asset could take over the dollar’s global role, Reuters reports.... More »

MORE ABOUT:
China • currency • International Monetary Fund • US dollar • international currency • Bank of China

Bank of China
in Talks to Buy UK's No. 1 Bank

HBOS would be largest overseas acquisition by Chinese institution

Nov 11, 08 7:12 AM CST
(Newser) - The state-owned Bank of China emerged last night as the main player in a new takeover bid for Halifax Bank of Scotland. HBOS, the largest bank in Britain, is currently being taken over by Lloyds, but a former HBOS executive is now putting together a counteroffer. If the deal goes... More »

MORE ABOUT:
Scotland • mergers and acquisitions • merger • HBOS • Lloyds TSB • Bank of China

3 Stories


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