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...
JPMorgan has announced it will go “full force” in China to take on the state-run Industrial and Commercial Bank of China (ICBC), which is the biggest bank in the world, according to a report by Bloomberg. The U.S. company has won approval for a majority...
China is striving to curb cryptos, and speculation -- with nascent adoption of blockchain in financial services and beyond. Might "smart banking" and "smarter shipping" take root?
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. According to Reuters, reports surfaced last week that the ICBC had told lenders to examine credit extended...
November 13, 2023
A hacker group says the Industrial and Commercial Bank of China (ICBC) paid a ransom following an attack last week. The bank, which is China’s largest lender, disconnected itself from an electronic settlement platform for the U.S. Treasury securities operated by BNY Mellon after a ransomware attack last week. According to a report by Reuters Monday (Nov. 13), […]
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...
July 30, 2019
JPMorgan has announced it will go “full force” in China to take on the state-run Industrial and Commercial Bank of China (ICBC), which is the biggest bank in the world,...
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. According to...
