Big Four no more
The world's most profitable banks have never been so unloved by stock investors. China's four-biggest lenders, which reported $126 billion of earnings in the 12 months through September, sank to the lowest valuations on record in Hong Kong trading yesterday.
The MSCI China Financials Index dropped to an almost decade low versus the global industry benchmark while the market value of Industrial and Commercial Bank of China the nation's largest lender, fell below...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team