Hmmm. Even the banks don’t want to own the banks. Says a lot.
CNBC.com Article: Goldman Sachs Selling Up to $1.54 Billion ICBC Stake
Goldman Sachs is seeking to raise up to $1.54 billion by selling 2.4 billion shares in Industrial and Commercial Bank of China (ICBC), according to a term sheet seen by IFR, a Thomson Reuters publication, on Wednesday.