ICBC
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World's Largest Bank ICBC's U.S. Operations Falter Amid Ransomware Siege
In a significant cybersecurity breach, the U.S. unit of the Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, suffered a ransomware attack that disrupted its operations, including trades in the U.S. Treasury market. The attack is the latest in a series of high-profile targets hit by ransomware, an aggressive form of cybercrime that has plagued various sectors across the globe. In a significant cybersecurity breach, the U.S. unit of the Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, suffered a ransomware attack that disrupted its operations, including trades in the U.S. Treasury market. The attack is the latest in a series of high-profile targets hit by ransomware, an aggressive form of cybercrime that has plagued various sectors across the globe. -
ICBC Still China’s Head Hog At The Trough
It's 11 years and counting for ICBC as China's most profitable publicly listed company, according to Warton Economic Research. It's 11 years and counting for ICBC as China's most profitable publicly listed company, according to Warton Economic Research. -
Profit Peril: Bad Debts Mounting For China's Big Banks
The coronavirus pandemic has hit China's big banks hard, with some of them set to post their first drop in profits since the global financial crisis. The coronavirus pandemic has hit China's big banks hard, with some of them set to post their first drop in profits since the global financial crisis. -
World’s Largest Bank Reports Better Than Expected H1 Operating Results
Industrial and Commercial Bank of China (ICBC), the leader among China's Big Four state-owned banks and the world's largest commercial bank, posted its fastest profit growth since September 2014 during the first-half of this year. Industrial and Commercial Bank of China (ICBC), the leader among China's Big Four state-owned banks and the world's largest commercial bank, posted its fastest profit growth since September 2014 during the first-half of this year.