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China Banks’ Worst Year Since 2004 Seen as ICBC’s Bad Loans Jump
2015
04
30
15:44
Industrial & Commercial Bank of China Ltd. reported a 21 billion yuan ($3.4 billion) jump in soured credit in the first quarter, the biggest increase since at least 2008, in a filing on Wednesday. ICBC, China Construction Bank Corp., Agricultural Bank of China Ltd, Bank of China Ltd. and Bank of Communications Co. all this week repor...
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OCBC Seeks $2.7 Billion Via Rights Issue After Wing Hang
2014
10
16
11:53
Oversea-Chinese Banking Corp. (OCBC), Southeast Asia’s second-largest lender by assets, plans to raise S$3.37 billion ($2.7 billion) by offering shares to existing holders after its acquisition of Hong Kong’s Wing Hang Bank Ltd. (302)
The company will sell as many as 440 million new shares at a ratio of one share for every ei...
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