Banking and Financial News Headlines

Western banks sell China stakes at own risk

Western banks tempted to convert big paper profits on investments in Chinese lenders into cash to shore up subprime-battered balance sheets would do so at the expense of hard-earned access to the fast-growing country.

Mizuho's Merrill deal a new turn for Japan banks

Mizuho Financial Group's $1.2 billion investment in Merrill Lynch marks a turning point for Japan's once-reeling banks which, after shedding bad debt and rebuilding their businesses, are once again looking for opportunities abroad.

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