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A pedestrian walks under towers of China's state banks in the Pudong Financial District in Shanghai, China. Bank of China, one of the four big state banks in China, said on Monday it would strengthen its internal risk controls ahead of its initial public offering - an estimated $8 billion (Euro 6.67 billion) share sale planned for later this year. The announcement came only a week after two former branch managers were charged in the United States with a scheme to defraud the bank of $485 million (Euro 404 million) over 13 years..
A pedestrian walks under towers of China's state banks in the Pudong Financial District in Shanghai, China. Bank of China, one of the four big state banks in China, said on Monday it would strengthen its internal risk controls ahead of its initial public offering - an estimated $8 billion (Euro 6.67 billion) share sale planned for later this year. The announcement came only a week after two former branch managers were charged in the United States with a scheme to defraud the bank of $485...
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