Bad Debt Wave Drags China’s Big Banks to Worst Profit Drop
Pedestrians walk past a customer using an automated teller machine (ATM) at an Industrial & Commercial Bank Of China Ltd. (ICBC) branch in Hong Kong, China. (Photographer: Justin Chin/Bloomberg)

Bad Debt Wave Drags China’s Big Banks to Worst Profit Drop

(Bloomberg) -- China’s biggest banks posted their worst profit declines in more than a decade, putting pressure on their dividend plans, as bad debt ballooned and the government drew them into effo...
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