33095
Deutsche Bank Selling Hau Xia Stake
World Economy

Deutsche Bank Selling Hau Xia Stake

Deutsche Bank has said it is selling off its stake in China’s Hua Xia Bank.  Germany’s biggest lender indicated the move was in line with its new strategy to withdraw from a number of foreign markets to save money, DW reported. Deutsche confirmed Monday it was aiming to sell its stake of nearly 20% in Chinese lender Hua Xia for more than €3 billion ($3.3 billion) to China-based PICC Property and Casualty Company. The transaction was still subject to regulatory approvals, including one from the China Banking Regulatory Commission.

Short URL : http://goo.gl/zAEezn
  1. http://goo.gl/C3ihvc
  • http://goo.gl/uK8r7V
  • http://goo.gl/YOYkQh
  • http://goo.gl/OSm34x
  • http://goo.gl/frzY71

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...

Trending

Googleplus