Industrial And Commercial Bank Of China

Tesla to borrow $1.4 billion in a five-year loan from Chinese banks to build its Shanghai car facility

The Chinese banks earlier this year already offered Tesla a 12-month facility of up to 3.5 billion yuan.

Goldman Sachs VP arrested in Bengaluru for swindling firm of Rs 38 crore to repay poker debt, says police

A senior executive of global investment firm Goldman Sachs was arrested in Bengaluru on Tuesday for allegedly swindling the firm of Rs 38 crore to overcome financial losses.

PNB scam: Investigators want to question Nirav Modi’s confidant Mihir Bhansali after emergence of shocking new details

According to sources Bhansali, who lives in a $7 million Manhattan apartment overlooking the sublime Hudson River, was not only the top executive of Firestar Diamond but an active collaborator helping Modi pull off the biggest fraud in the Indian banking history.

MHA raises objection to Industrial and Commercial Bank of China's proposal to open second branch in India

The Ministry of Home Affairs (MHA) has reportedly raised objections to a proposal by the Industrial and Commercial Bank of China (ICBC) to open a second branch in India.

China's state-run banks cut 22,260 jobs as slowdown starts biting

The top four national banks reported negative to flat net profit growth for the first half of this year

Apple Pay to go live in China on 18 February

Apple's Apple Pay mobile payment system will be available in China from February 18 for Industrial and Commercial Bank of China Ltd (ICBC) customers, bank representatives said in social media posts on Tuesday.

China indicates move towards privatisation of banks

China's state banks make money "too easily" and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.