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RBS Sells Entire Stake in Bank of China
Updated from 12:58 a.m. EST
By Jeremiah Marquez
HONG KONG -- Shares in Bank of China rose Wednesday after Royal Bank of Scotland (RBS Quote) sold its entire stake in the mainland's No. 3 lender for $2.37 billion, joining a recent string of investors who have cut their holdings in Chinese banks.
Bank of China closed 2.7% higher at 1.9 Hong Kong dollars. ...
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