Reuters: U.S. subprime holdings weigh on China bank profits

[chris]

U.S. subprime holdings weigh on China bank profits
      

HONG KONG (Reuters) - Industrial & Commercial Bank of China Ltd and Bank of China posted higher fourth-quarter profits on Tuesday, buoyed by the country's surging economy, but the state lenders were dragged down by holdings in U.S. subprime-related securities.
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