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When Chiang Kai-shek's Nationalists were driven out of China, they adopted interventionist economic policies in Taiwan and nationalized dozens of major businesses-such as the Bank of Taiwan, still one of the island's biggest banks.
FORBES: The ghost of Chiang Kai-shek
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In general the bigger the institution, the more likely there is to be support, especially when the government has a direct stake (as in the Bank of Taiwan and the Industrial Bank of Korea).
ECONOMIST: Governments in Asia are too ready to bail out big banks
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But it was also not surprising that the chairman of Chinatrust Commercial Bank, Taiwan's third-largest private institution, was abroad.
CNN: TYCOONS
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The Netherlands' ABN Amro bought Bank of America's retail operations in India, Singapore and Taiwan, expanded in Indonesia and acquired Bangkok-based Bank of Asia.
CNN: PLUS
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Just 14 Chinese banks can invest in Taiwan, of which Agricultural Bank of China Ltd.
WSJ: ICBC's Stake in SinoPac Won't Open Taiwan Spigot
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Testimony is expected to show that some of the money came from the cult's bank account in Taiwan.
CNN: Trie In The Spotlight
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Taiwan's central bank has been considering lending to the central banks of Indonesia and Thailand.
ECONOMIST: Taiwan launches a lifeboat
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ABN-Amro, Banque Nationale de Paris, Bank of America, Citibank, and American Express that dominate trading in the New Taiwan dollar, and especially in currency derivatives.
ECONOMIST: Wrong lessons in Taiwan
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While the transaction has raised some hopes of more deals, not all Chinese banks are eligible to buy into a Taiwan bank.
WSJ: ICBC's Stake in SinoPac Won't Open Taiwan Spigot