Ramses Delgado, Banking Moderator
@ramses_delgado1
The Industrial and Commercial Bank of China (ICBC), a Chinese state-owned multinational banking and financial services corporation headquartered in Beijing, is the parent company of Industrial and Commercial Bank of China (USA). ICBC is the controlling shareholder, owning 80% of the subsidiary's shares.
There are no other banks in the United States with a Chinese majority ownership. However, there are several banks in the US that are owned or led by Asian Americans, including some with Chinese American founders or leadership.
Some examples of prominent Asian American-owned banks in the US include East West Bank, Cathay Bank, and Bank of Hope.
It's important to note that while these banks are owned or led by Asian Americans, they are subject to US banking regulations and operate within the financial system.
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