ICBC Says Q1 Net Profit Jumps 77 Percent
HONG KONG (Reuters) - Industrial and Commercial Bank of
China <1398.HK><601398.SS>, the world’s biggest bank by market
value, posted a 77 percent jump in first-quarter profit on
Tuesday and booked a further $58 million worth of provisions
for its exposure to the U.S. subprime mess.
