United States investor aims to put Cosmos Bank in black in 2008

The China Post - U.S. hedge fund SAC Capital expects Taiwan's struggling Cosmos Bank to turn profitable next year after it and GE jointly invest US$900 million for a controlling stake, an SAC executive said yesterday. Full Story

Cosmos Bank to sell stake at big discount

The China Post - Taiwan's loss-making Cosmos Bank will sell a US$900 million stake to a U.S. hedge fund and General Electric at a steep discount, marking the latest acquisition by foreigners in the island's overcrowded financial sector. Full Story