From Xinhua via People’s Daily online : China’s CITIC Securities Co. is to cancel a deal to buy into Bear Stearns after news that the fifth largest investment bank in the United States is to be bought out by JPMorgan...
From Financial Times : While the situation at Bear Stearns was deteriorating this past week, Donald Tang, its Los Angeles-based vice-chairman, was in Beijing, trying desperately to get Chinese regulators to approve the ailing...
From Financial Times: Jimmy Cayne, the chief executive of Bear Stearns , is planning to travel to China in the next few weeks amid speculation about a possible joint venture with Citic, the state-owned financial conglomerate. News of the plan comes as Mr Cayne seeks to head off a crisis of confidence in the bank […]
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