Chinese Banks start taking over US Banks

For the first time in its history, the Federal Reserve has cleared a Chinese state-controlled bank to take over a U.S. bank, and it may come not a moment too soon.

This week, the Fed approved the Industrial and Commercial Bank of China’s purchase of an 80 percent stake in the U.S. subsidiary of the Bank of East Asia. In addition, the central bank approved applications from Bank of China and Agricultural Bank of China to open branches in Chicago and New York, respectively.

While some in the U.S. applaud the new foreign investment, it’s also a boon for Chinese banks, having gained an opening into a new market.

“This unprecedented acquisition of a controlling stake in a U.S. commercial bank by a mainland bank is strategically significant,” said ICBC chairman Jiang Jianqing, as quoted by Chinese news service Xinhua.

Now it’s starting to get scary!

Continue reading at usnews.com

16 thoughts on “Chinese Banks start taking over US Banks

  • The good news is that their Branches will be open 24/7 and staffed with real (and cute) girls who won’t leave the Branch until all your issues are solved.

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  • Now I’m a little nervous that we’re seeing eye to eye on something! Looking over my shoulder……

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  • Marisa Sung

    “CUTE” GIRLS ARE ONLEE CUTE AND USEFUL TO MEE IF THEY CAN OPERATE BETTER AND FASTER THAN AN ATM. CUT THE BULLSHIT AND GET TO THE POINT ALREADY BC I HAVE 0% PATIENCE. AS A FORMER MODEL MEISELF, I CAN BEE A REAL BITCH ON WHEELS!! I AM MUCH TOO SMART FOR A BUNCH OF CUTE GIRLS WITH NO BRAINS. MAKE SURE THEY KNOW WHAT THE HELL THEY ARE DOING AND I DON’T CARE WHAT THEY LOOK LIKE AS LONG AS THEY ARE ATTRACTIVE=EASY ON MEI EYES AND NOT FAT BC I CAN’T F’N STAND TO LOOK AT TOO MUCH WEIGHT AND AL OF THAT SHIT!! IT MAKES MEE WANT TO TAKE TUMS ALL DAY AND STARVE MEISELF OUT OF THE FEAR OF GOD OF GETTING FAT!! AT UNIVERSITY, I DIDN’T HANG OUT WITH ONE FAT GIRL OR GUY AND EVERYONE KNEW THAT ABOUT MEE!! IT IS DISGUSTING AND I WILL NOT TOLERATE IT UNDER ANY CIRCUMSTANCES. I HAD TO CUT ALL OF THE FAT OUT OF MEI LIFE AND THAT INCLUDED FORMER FRIENDS WHO WERE GETTING TOO FAT LIKE CGREEN AND KAREN BC THEY CRAMP MEI STYLE!!

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  • Marisa Sung

    YOU ARE RIGHT ABOUT THAT! JAMIE DIAMON (AND SOME OTHER GUYS LIKE A VC WHO I USED TO KNOW) NEEDS TO STEP UP TO THE PLATE!!! TOO MANY AMERICANS GET PAID BIG BUCKS FOR BEING STUPID, UNDEREDUCATED, NOT SHOWING UP FOR WORK AND HAVING TO BE TRAINED WITH LITTLE TO NO EXPERIENCE. I SAW IT FIRST HAND MEISELF. IN ADDITION TO THAT, AMERICAN BUSINESS OWNERS PAY WOMEN WHO ARE USLESS AND SHOW UP AT WORK LOOKING LIKE PIGPENS, UNMADE BEDS AND SLOBS BIG BUCKS FOR WHAT?? TO SPREAD GERMS, MESS AND DISEASE THROUGHOUT THE COMPANY?? I WAS DISGUSTED TO HAVE TO APPROACH THIS ONE YOUNG WOMAN’S DESK FOR ANYTHING BC I AM A GERMOPHOBE AND WOULD FREAK OUT WHENEVER I HAD TO GO OVER THERE AND I WOULD HAVE TO GET CRINKLED AND WRINKLED PAPERS FROM HER PIGPEN OF A WORKSTATION ALL THE TIME!! I FOR ONE, WASN’T HAVING ANY OF IT!! IF YOU ARE STUPID ENOUGH AS A BUSINESS OWNER TO PAY THESE USELESS IMBECILES, THEN YOU DESERVE TO BE SCREWED!! ALL OF THE CVS SANITIZER IN THE WORLD CAN’T KILL THOSE GERMS MAN!!

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  • My point is that I think the Chinese could run circles around any US Bank (sorry Jamie Diamon) and take customers and service serious because they know if they screw up there are 1.7 billion people available to step in and do their job. Showing up with a work ethic is not a bad thing.
    Sorry about the weight thing…..

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  • Marisa Sung

    STATE OF EMERGENCY!! SOUNDS TO MEE LIKE A US STATE OF EMERGENCEE DECLARED BY THE CHINESE!! DIDN’T I TELL YOU OR AM I TALKING TO THE DEAD AS BRICKS AND DUMB AS SHIT OBAMA ADMINISTRATION!?? JIM ROGERS CALLED IT MORE THAN 4 YEARS AGO=LISTEN UP ASSHOLES BC NOW IT IS REALEE ALMOST TOO LATE!!!

    WE’RE FAR WORSE THAN A 401K TRAIN CRASHING DOWN FOR DISASTER!!
    Patty Smyth Downtown Train

    THE US IS THE LARGEST DEBTOR NATION IN HISTORY AND CHINA THE LARGEST CREDITOR = IT DOESN’T SUM UP FOR US ONLEE THEM SEW YOU DUE THE MATH GENIUSES!! LISTEN TO MEE NOW AND GO TO http://www.electmitt2012.org IMMEDIATELY TO CLEAN UP THIS SHIT RIGHT NOW!!! DUE IT BC I AM ON YOUR BACK NOW LIKE THE IRS!!

    For the first time in its history, the Federal Reserve has cleared a Chinese state-controlled bank to take over a U.S. bank, and it may come not a moment too soon

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  • …and now we’re Rednecks because we don’t offer sympathy !

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  • Marisa Sung

    YOU NEED TO FIRE PEOPLE IN YOUR ORGANIZATION WHO ARE DIRTY, NOT EDUCATED ENOUGH IF AT ALL, PRODUCE LESS THAN NOTHING, ARE TOO FAT AND NOT ATTRACTIVE ENOUGH IF THE ROLE CALLS FOR BEING ATTRACTIVE, NEAT AND/OR CONNECTED IN ANY WAY AND WHO SHOW UP LATE, WRINKLED, CHEAP AND SLOPPY BUT ARE VERY OVERPAID. THERE WAS ONE LADY WHO I MET ONCE NAMED DONNA WHO WAS AN IDEAL AND VERY HARD, DILIGENT WORKER SENT FROM HEAVEN! A ROLE MODEL FOR THE AMERICAN WORKER IF THERE EVER WAS ONE AND PERFECT FOR THE ROLE THAT SHE PERFORMED!! WORKERS LIKE THAT ARE VERY RARE AND DESERVE ALL OF THE SUBSEQUENT ADVANCEMENTS AND REWARDS!! JUST TRYING TO HELP BC AMERICAN EMPLOYEES WILL TAKE FULL ADVANTAGE OF AN EASYGOING, GENEROUS AND NICE BOSS!! YOU NEED TO SAY SHOW MEE THE MONEE AND SHOW MEE THE RESULTS BC UNTIL AMERICAN BUSINESS OWNERS DO THAT, WE WILL BE KISSING CHINA’S ASS!! THE EMPLOYEES WHO ARE THE MOST ATTRACTIVE, SMART, EDUCATED, RESOURCEFUL, CONNECTED, EFFICIENT AND RESULTS DRIVEN STAY AND THE OTHERS YOU SEND PACKING!! AND NO MONEY, TITLES, TRAINING, AND/OR REWARDS UNTIL I SEE SERIOUS RESULTS!!! SIX SIGMA=JACK WELCH!! 🙂

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  • Marisa Sung

    YEAH, RIGHT AND THEN THERE ARE PEOPLE LIKE ME WHO BLOW THE WHISTLE ON THE RIFF RAFF, TROUBLEMAKERS AND UNDEREDUCATED BULL SHIT ARTISTS OF SOCIETY LIKE CGREEN AND HER HUNGARIAN PIECE OF SHIT FRAUD HUSBAND WHO IS EMPLOYED AT BRIDGEWATER AND IS LOOKING TO SMUGGLE HIS PARENTS INTO THIS COUNTRY ILLEGALLY!! ST. FRANCIS COLLEGE HARDLY A GREATLY EDUCATED MAN OR A GENIUS MAKES!! THERE ARE PEOPLE LIKE THAT TOO. PLEASE DON’T HATE MEE BC I AM SOO MUCH SMARTER THAN BOTH OF YOUR PEA BRAINS PUT TOGETHER AND MORE EDUCATED THAN YOUR LACK OF EDUCATION AND YOUR HUSBAND’S ST FRANCIS COLLEGE DEGREE. SOOO SORREE, REALEE!! CAN YOU FORGIVE MEE? NO YOU CAN’T AND THAT IS ONE REASON WHY I DUMPED BOTH OF YOU LIKE SHIT ON MEI SHOE! NOT TO MENTION THAT YOU WENT OUT OF YOUR WAY TO HARRASS AND EMBARRASS JAYMIE WHO YOU ARE ALSO CRAZY JEALOUS OF YOU PIECE OF SHIT CRAZY BITCH FROM HELL!!

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  • Marisa Sung

    THAT’S FINE BC WEI HAVE MORE THAN ENOUGH SYMPATHY FOR YOU!! TWO FUCKED UP KIDS WITH LITTLE TO NO MONEY AND NO HOUSE AND A MAN THAT YOU WANT TO TRADE IN FOR A BETTER ONE LIKE SCOTTY WHEN NO DECENT MAN WILL HAVE YOU AT ALL WILL GET MOST POOR SOULS CRYING = REDNECK OR NOT!! CHEER UP MAYBE A DOCTOR UP IN KAT ON YAH WILL USE YOU AS A GUINEA PIG FOR SOME LASER AND BOTOX EXPERIMENTS SO THAT YOU CAN GET RID OF YOUR VARICOSE VEINS, HIDEOUS CELLULITE/COTTAGE CHEESE LEGS AND FAT STOMACH AND STRETCH MARKS AND IT WILL BE EASY ON YOUR WALLET!! MAYBE HE’LL THROW IN A PAIR OF BONUS TITS TOO, YOU NEVER KNOW!! 🙂

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  • …and there’s people employed to look for these types of conversations so they can blow the whistle and say…”ah…it’s a good day, I caught one” ! A fair and just society

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  • Marisa Sung

    I AGREE 100% AND THERE HAS TO BE A CAP PUT ON PUNITIVE DAMAGES JUST LIKE STEVE WYNN HAS ARGUED OVER AND OVER AGAIN. THE GREAT STATE OF TEXAS HAS THAT LAW BUT YOU WON’T HAVE TO EVER DEAL WITH THAT PROBLEM IF YOU ARE VERY CAREFUL BEFORE YOU BRING SOMEONE ON BOARD! THE LAWS DEFINITELY NEED TO BE CHANGED IN FAVOR OF THE BUSINESS OWNER(S) AND NO MORE AFFIRMATIVE ACTION AND DIVERSITY BULLSHIT BC WE HAVE AN AFRICAN AMERICAN PRESIDENT FOR GOD’S SAKE AND SLAVERY HASN’T BEEN AROUND FOR AGES PEOPLE!! ENOUGH WITH THIS NONSENSE ALREADY!!

    WORKERS SHOULD HAVE TO SIGN A CONTRACT THAT THEY WILL NOT SUE ESP IF THEY ARE TECHNICALLY “DISABLED” LIKE ME SO THAT THE EMPLOYER WILL NOT FEAR A LAW SUIT. I HOWEVER, NEVER DID AND DO NOT CONSIDER MEISELF TO BE DISABLED AT ALL BUT LAWYERS WANT YOU TO CONSIDER YOURSELF “DISABLED” BC THEY ARE ALL BLOODSUCKERS AND VICIOUS AND JEALOUS FORMER FRIENDS LIKE CGREEN WHO WANT TO UNDERMINE YOU BY MAKING FORMER EMPLOYERS THINK THAT YOU WILL SUE THEM WRONGFULLY BC SHE IS MARRIED TO A LOSER FROM HUNGARY WHO IS STILL NOT AN AMERICAN CITIZEN WITH LITTLE TO NO EDUCATION AND COULDN’T MAKE A DECENT LIVING, MADE LESS THAN I DID AND SUPPORTED HER AND TWO KIDS ON THAT SALARY! THAT IS WHY!!

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  • …and not to mention the “litigation world” that has become part of the working society. “Fire me and I will sue you for wrongful dismissal”. “You can’t fire me because I have a body odour issue”. Look at the medical community malpractice insurance premium trend. Anybody who has to deal with the public is a target.

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  • Marisa Sung

    JUST CALL MEE DR. MARISA SUNG BARBIE DOLL PSYCHIATRIST/PLASTIC SURGEON/PERSONAL ASSISTANT/CHIEF OF STAFF EXRAORDINAIRE AND THE DOLL WILL BE MADE AVAILABLE WITH THE SUBSEQUENT OUTFITS ON ASIANCE!! WINK

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  • Anonymous

    And here I thought you were the daughter of Alfred ?? But I’m sure you could do justice to a medical outfit or maybe a Judge gown ?

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  • Anonymous

    Wow…in 15 seconds you just completely rebuilt someone’s body and solved all their relationship issues!

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