Fed Allows Chinese Banks To Expand In U.S.

from National Public Radio

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.

Broadcast Dates

• Morning Edition, May 10, 2012