Swiss bank UBS is in talks to buy a stake in state-run Bank of China, according to the Financial Times, moving on the heels of Bank of America’s recent $3 billion deal with a mainland lender.
UBS, which helped Bank of China list its Hong Kong arm in 2001, is in talks to make a multimillion dollar investment, the FT said in its Tuesday Asian edition, without citing sources.
For this complete story, please visit UBS in Talks for Bank of China Stake.
