Fed OKs China’s first U.S. bank buy

The Federal Reserve has for the first time given approval for a large Chinese bank to purchase a U.S. bank. It also gave approval to two other large Chinese banks to expand their operations in the United States.

The Fed board announced Wednesday it was approving the application of the Industrial and Commerce Bank of China Ltd., China’s largest bank, and two other Chinese firms to purchase The Bank of East Asia USA, located in New York City.

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16 Comments

  1. sphynx
    May 19, 2012

    look we now.you support america:they asking the chinese to invest in their place.is not america too big to BEG?poor we.tell obama he wrong to accept money from china.what you refuse america,your perfect example of democracy accepts.yo bizwen l’agent.

  2. Choice X
    May 18, 2012

    Look out! NBD Next! don’t say you did not get any notice.

  3. forreal
    May 18, 2012

    amazing eh,so after all dealing with china is not bad at all, a so called axes of evil cummunist country who is acused of doing injustice to tibet,wow i guess i have to congratulate skerrit for his forsight and staying above the fray for the betterment of dominica,it surely seem that every order country seem to think so.

    • Anonymous
      May 18, 2012

      well said forreal, all we hear is how china is going to take over. I guess americans will be saying the say thing…

  4. God JOb
    May 18, 2012

    It is amazing how my people continue to parade their ignorance. This situation and the Commonwealth of Dominica’s MOU are two completely independent situations. Rendering such simplistic views on a more complex issue does not make you smart nor does it justify our lack of knowledge. If you are content with staying in the dark by all means stay there. I for one believe knowing is key to understanding.

    • Defense Attorney
      May 18, 2012

      and you have proven the point that the BIGGEST word you know is simplistic. what this shows is that the US trying to prevent China from being friends of the Caribbean while they selling their souls because of the foolish war they started just to get out of the debt they owe to china(which at presents stands near 2 TRILLION dollars)

  5. Country
    May 18, 2012

    Why don’t you try reading the article before commenting? The terms of this MOU Ha ha ha are printed for all to read and try to overstand.

  6. Heheheheehe
    May 18, 2012

    “And your worst enemy…will be your best friend…….”

    • Anonymous
      May 18, 2012

      Americans hate communist but they love China’s money……..

  7. Meeee
    May 18, 2012

    Will the Americans demand that Obama make public the MOU in this transaction.

    I think the blues should write a petition to him demanding that he does.

    Hahahahahaha

    • Met Yo
      May 18, 2012

      See why I said “gimmick”?

      Pure none sense alone some of allu does talk. There is no secrecy is none of these transactions and agreements. It’s laid out in the house for all to hear and see. Stop trying to wrongfully use America to condone allu foolishness in Dominica.

      • Meeee
        May 18, 2012

        Well go and ask for the details of the agreement nuh and see how far you will get….the broad aspects of the agreement is laid out in the house yet but not the full details. lol…sot.

        Anyone who has foresight will deal with China. And the PM has. Hahahaha

      • WIKILEAKS
        May 18, 2012

        Yo are no Met…you have no idea what you are talking about…alas.

        Is American Politics that have bobol…just tune in one of these days to CNN and you will understand…alas..Met Yo ki sa

  8. WIKILEAKS
    May 18, 2012

    And we in DA crying about some MOU….wey wey wey wey..

    • Mac Vibes
      May 18, 2012

      In most of your postings you constantly prove you have for brains.
      This is a commercial agreement between two financial institutions and the feds involvement is to make sure there is no wrong doing and that the deal complies with us financial laws and regulations.:
      What we would like to know is, does the mou comply with our constitutional rules and laws. But then again I wouldn’t expect crocks like you lot to miss this opportunity to spin this for your own greedy ends.

    • Anonymous
      May 18, 2012

      i know…

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