Date:29/11/2008 URL: http://www.thehindu.com/2008/11/29/stories/2008112954201400.htm

Business

Bank of China expands into Switzerland

GENEVA: Bank of China said that it has received regulatory approval to offer banking services in Switzerland. Bank of China, the first Chinese bank to expand into Switzerland, said it would open two subsidiaries in Geneva, one to offer private banking and the other for institutional wealth management.