Post Tagged with: "CITIC Bank"

The Minefield Hidden in Baidu’s Soon-to-Launch Online Bank

The Minefield Hidden in Baidu’s Soon-to-Launch Online Bank

by November 18, 2015 at 11:19 am 0 comments

SEOUL — Should traditional bankers pay heed to the soon-to-launch direct bank by Baidu, the Chinese Google, and its bank partner, CITIC Bank Corp.? Yes, in the same way that seven-year-olds find cheese melting on toast fascinating. Certainly, Baidu has the right partner in CITIC, which has around $32 billion of assets, for itsRead More