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3:48 am
Thu May 10, 2012

Business News

Originally published on Thu May 10, 2012 6:28 am

The Federal Reserve has announced three of China's largest state-owned banks have been given approval to expand their operations in the U.S. Analysts say that ICBC, China investment Corp., and Central Huijin Investment will likely look to purchase regional U.S. banks and establish a footprint in the American market.