Economic Calendar

Sunday, September 28, 2008

Bank of China Says It's 'Open' to Buying Wall Street's Banks

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By Zhang Dingmin

Sept. 28 (Bloomberg) -- Bank of China, the country's oldest financial institution, said it's opened to the possibility of investing in Wall Street firms, as the U.S. financial crisis takes hold and banks seek buyers and protection from bankruptcy .

``We are looking for all possible deals everywhere,'' Bank of China's Executive Vice President Zhu Min told a plenary session today at the World Economic Forum in eastern China's Tianjin, without elaborating.

To contact the reporter for this story: Zhao Yidi in Beijing at at yzhao7@bloomberg.net


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