![]() ![]() ![]() ICBC is a state-owned bank and provides a range of services from personal and commercial banking to wealth management and treasury management services.įortunately, disruption from the ICBC attack may have been limited, as Treasury market experts note that traders often have relationships with several banks. It’s both China, and the world’s, largest bank by assets, according to S&P Global Intelligence. ICBC is the highest-ranked bank on the Fortune Global 500, which ranks global companies by revenue, sitting in 28th place. The bank also said systems at the head office, along with other overseas and domestic branches, were not affected. Treasury trades executed on Wednesday, and repo financing trades on Thursday. The notice said the bank successfully cleared U.S. ![]() The bank said it was conducting a “thorough investigation” and is “progressing its recovery efforts,” according to a notice posted to ICBC Financial Service’s website on Thursday. ![]()
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