News with the tag "Industrial and Commercial Bank of China"

The Federal Reserve and New York Department of Financial Services (DFS) just announced a multi million-dollar settlement with a Beijing-based banking giant. The US agencies say the Industrial and Commercial Bank of China (ICBC) will pay a total of $32.4 million for failing to follow the Bank Secrecy...

China’s largest banks have implemented interest rate cuts for savers to stimulate economic growth and encourage consumer spending. The country’s six state-owned commercial banks, including the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction ...