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ICBC puts capital into US unit, seeks cyber review

By Paritosh Bansal, Lananh Nguyen and Davide Barbuscia

Nov 13 2023 7:29AM

After hack.

ICBC puts capital into US unit, seeks cyber review

Industrial and Commercial Bank of China injected capital into its US unit to help pay BNY Mellon US$9 billion ($14 billion) for unsettled trades and hired a cyber security firm to enable it to resume normal business after a ransomware attack, sources familiar with the matter said. ICBC's US unit ...

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