Huaxia Bank Co.’s Pretty Lady credit card, co-issued with Deutsche Bank AG, entices women with triple points for cosmetics and fitness-club memberships. The Ms. Magic card from China Citic Bank Corp. dotted with Swarovski crystals offers free beauty treatments and health insurance.
Industrial & Commercial Bank of China Ltd. plans to buy 20 percent of Bank Sinopac in the first mainland investment in a Taiwan lender, pushing the parent company’s share price up the most in more than three years.
Industrial & Commercial Bank of China Ltd. Chairman Jiang Jianqing said he expects China to maintain tight monetary policy even though there’s room to adjust the provision of credit to “certain sectors.”
JPMorgan Chase & Co. pays Jamie Dimon $1.21 million for every $1 billion of profit at the biggest U.S. bank. Industrial & Commercial Bank of China Ltd., the world’s most profitable, gives its top executive $9,400.
Industrial & Commercial Bank of China Ltd. boosted loans by 16.9 percent in 2010 from a year earlier after the government relaxed lending to spur the economy, the Economy & Nation Weekly reported citing Chairman Jiang Jianqing .
China’s likely search for a successor to Zhou Xiaochuan as central bank chief is spurring focus on the nation’s banking and securities regulators as the incoming Communist leadership overhauls top government positions.
Industrial & Commercial Bank of China Ltd. , the world’s largest lender by market value, said its bad-loan ratio is dropping and ruled out a deterioration in asset quality from property and local-government lending.