Shearman And Sterling

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May 23, 2012

The Fed Approves China

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This memorandum summarizes the background of the Federal Reserve decision to allow Chinese banks to own US banks and which opens the door to future approvals by Chinese banks to acquire US banks. The implications for Chinese and other foreign banks are also explored.

View full memo, "The Fed Approves China"

Authors and Contributors

Bradley K. Sabel

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 8410

+1 212 848 8410

New York

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7585

+1 212 848 7585

New York

Thomas Donegan

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5566

+44 20 7655 5566

London

Lorna Xin Chen

Partner

Investment Funds

+852 2978 8001

+852 2978 8001

Hong Kong

Lee Edwards

Of Counsel

Mergers & Acquisitions

+86 10 5922 8001

+86 10 5922 8001

Beijing