Chinese banking giant ICBC takes on Goldman Sachs in US repo market
The loans allow investors to borrow money by lending securities such as Treasuries
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HIGH up in a New York City skyscraper, China's biggest bank is playing in the shadows of American finance.
The prize for Industrial & Commercial Bank of China Ltd (ICBC) isn't stocks, bonds or currencies. It's the grease in the wheels of all those markets: repurchase agreements.
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