[lbo-talk] U.S. subprime holdings weigh on China bank profits

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Fri Mar 28 16:50:31 PDT 2008

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Reuters.com

U.S. subprime holdings weigh on China bank profits http://www.reuters.com/article/gc06/idUSHKG32689820080325?sp=true

Tue Mar 25, 2008

By Kennix Chim

HONG KONG (Reuters) - Industrial & Commercial Bank of China Ltd and Bank of China posted higher fourth-quarter profits on Tuesday, buoyed by the country's surging economy, but the state lenders were dragged down by holdings in U.S. subprime-related securities. http://www.reuters.com/article/gc06/idUSHKG32689820080325?sp=true

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