Thursday April 2, 2020

Market Week: Your guide to what's going on

Big Four no more

16th March, 2014

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...

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