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ICBC Boosts First-Quarter Profit With Record LendingBloombergBy John Liu April 27 (Bloomberg) -- Industrial & Commercial Bank of China Ltd., the world's largest lender by market value, said first-quarter profit increased 6.2 percent on record credit growth and lower provisions for bad loans. ... |
US toxic-asset plan stirs fearsLos Angeles Times, CAThe loans and debt securities are not worthless. In some cases, individual loans within complex bundles have not gone bad. And even in the cases of loans that have gone bad, the underlying homes or other assets still have some value. ... |
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