Global bank profits hit $920 billion as Chinese lenders boom
China`s top banks accounted for almost one-third of a record $920 billion of profits made by the world`s top 1000 banks last year, showing their rise in power since the financial crisis, a survey showed on Monday.
Jun 30, 2014, 09:05 AM IST
Bank of China approved for yuan clearing in Frankfurt
China`s central bank has approved Bank of China, one of the country`s major financial institutions, as the clearing bank for yuan transactions in Germany`s financial centre Frankfurt, it said Thursday.
Jun 19, 2014, 18:34 PM IST
$5 bn-plus irregularities at China fund, banks: State auditor
China Investment Corporation (CIC), Bank of China and Agricultural Development Bank of China violated regulations in areas including asset selling, loan issuance and fraudulent invoicing, according to the National Audit Office (NAO).
Jun 19, 2014, 17:43 PM IST
