Scotiabank is Vying for Bank in Dalian, China

SinoCast, 23 October 2006Only one of the Canadian and Italian bidders will manage to buy a 20% share in Dalian City Commercial Bank in northeast China, a local report cites the bank's president Wang Jingping as saying.DCCB, which is on the global list of top 1,000 banks, also will sell 5% to the International Finance Corporation, a member of the World Bank Group, Wang reveals. The sale proceeds