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HONG KONG (Dow Jones)–Bank of America Corp. (BAC), which has just completed a US$10 billion stock offering to shore up its finances, said late Wednesday it is committed to keeping a “major” part of its 10.8% stake in China Construction Bank Corp. (0939.HK).
The comment suggests the biggest U.S. bank by market value and deposits [...]

TIANJIN, China (AP) — U.S. lending standards before the global credit crisis were “ridiculous,” and the world can learn from China’s more cautious system as it considers financial reforms, the top Chinese bank regulator said Saturday.
Beijing curbed mortgage lending in 2003 and 2006 to keep debt manageable amid a real estate boom, while American regulators [...]