The U.S. subsidiary of Industrial and Commercial Bank of China (ICBC) reportedly disconnected itself from an electronic settlement platform for U.S. Treasury securities operated by BNY Mellon after ICBC suffered a ransomware attack, Reuters reported Friday (Nov. 10). In the meantime, BNY Mellon is manually...
China’s banks are not immune to the recession triggered by the COVID-19 crisis. Analysts and official data indicate that some of the country’s largest banks will soon show the first drop in first-half profits since the Great Recession. Get the Full Story Complete the form...
With bank-FinTech tie-ups growing more popular, FinTechs themselves are similarly discovering value in collaborating with each other to elevate their value proposition for joint financial institution (FI) clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Industrial and Commercial Bank of China (ICBC) tried to quell recent concerns saying loan checks on companies that made overseas acquisitions were normal and routine, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
November 13, 2023
A hacker group says the Industrial and Commercial Bank of China (ICBC) paid a ransom following an attack last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, […]
November 10, 2023
The U.S. subsidiary of Industrial and Commercial Bank of China (ICBC) reportedly disconnected itself from an electronic settlement platform for U.S. Treasury securities operated by BNY Mellon after ICBC suffered...
August 24, 2020
China’s banks are not immune to the recession triggered by the COVID-19 crisis. Analysts and official data indicate that some of the country’s largest banks will soon show the first...
June 26, 2017
The Industrial and Commercial Bank of China (ICBC) tried to quell recent concerns saying loan checks on companies that made overseas acquisitions were normal and routine, reported Reuters. Get the...
