Bear Stearns' suitor set for largest Chinese acquisition overseas

Citic Bank is bidding for a stake in US investment bank Bear Stearns in a deal that what would outstrip the biggest foreign acquisition by a Chinese bank by at least $500m (€353bn).

Jiang Dinghzhi, vice chairman of the China Banking Regulatory Commission, said at a conference on Tuesday that Citic was one of the banks vying to buy a 20% stake in Bear Stearns.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached