China to set yuan clearing bank in Sydney: Australia

China will designate a clearing bank in Sydney for overseas trading of its yuan currency, a top Australian official said Thursday as Beijing seeks to make the tightly-controlled unit more international.

Bank of China, Mizuho eye RBS bank assets: sources

(Reuters) - Bank of China (601988.SS) and Japan's Mizuho Financial 8411.T. are among the banks eyeing parts of the Royal Bank of Scotland (RBS.L), sources told Reuters on Friday, as the process begins to trim the investment banking arm of the government owned UK bank.

Bank of China profits jump 30%

China's third biggest bank, Bank of China, has reported a 28% rise in profits for the first half of 2011.

Profit after income tax was 70.1bn yuan ($11bn;£6.7bn), compared with 54.4bn yuan in the same period a year earlier.