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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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Published Wed, Jun 7, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    New York

    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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