Reuters: ICBC Q1 profit surges; takes further subprime hit

[chris]

ICBC Q1 profit surges; takes further subprime hit
      

HONG KONG (Reuters) - Industrial and Commercial Bank of China , the world's biggest bank by market value, posted a 77 percent jump in first-quarter profit on Tuesday and booked a further $58 million worth of provisions for its exposure to the U.S. subprime mess.
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