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Chinese security guards walk past a local branch of the Industrial and Commercial Bank of China {ICBC) in Beijing on May 10, 2012 . ICBC has been given the nod to take over a U.S. bank, the first such approval for a Chinese firm. The U.S. Federal Reserve approved state-owned ICBC's plans to acquire the U.S. subsidiary of Bank of East Asia. UPI/Stephen Shaver
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