BloombergBusiness, August 27, 2015
The first two Chinese banking giants to report earnings this week have two things in common: zero profit growth and bad loans piling up at more than twice the pace of a year earlier. Industrial & Commercial Bank of China Ltd. posted a 31 percent increase in bad loans in the first half, while Agricultural Bank of China Ltd. had a 28 percent jump, their stock-exchange statements showed on Thursday. […read more]