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October 27, 2006
Beijing Olympics Become Beacon for Good Banking
China succeeded in launching the biggest IPO in history when it took its Industrial & Commercial Bank of China (ICBC) public this week. The deal raised over $21 billion from investors eager to get in on the opportunity. The motivation behind their eagerness? It's not just credit ratings and economic growth. This time it may be cyclists, canoeists and a big flaming torch.
Posted by Michelle Smith at 07:20 AM | Comments (0)
October 04, 2006
Backdating Drama
Company executives are taking extreme measures to avoid penalties for securities fraud these days. The latest drama with Comverse, Inc., a telecom company whose management is accused of back-dating stock options, involved a global manhunt, money laundering through Israel, and Namibian real estate.
Posted by Michelle Smith at 10:33 PM | Comments (0)