Decision time is close at hand for
the Federal Reserve to plan the mechanics of how it ends the
winddown of a balance sheet that remains swollen by historic
standards. A readout of the.
China's ICBC reportedly paid a ransom to stop a cyberattack on the bank last week. The Industrial and Commercial Bank of China (ICBC) reportedly responded to hackers' demands after a Lockbit ransomware gang representative said the firm "paid the ransom, deal closed.
ICBC s US unit told market participants on Friday it was hoping to finish the cyber review over the weekend, but the sources said they expected it would spill into next week. Meanwhile, the bank is using manual processes to trade, they said.
Exclusive: ICBC puts capital into US unit, seeks cyber review after hack reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.