(Bloomberg) -- Industrial & Commercial Bank of China
Ltd. briefly overtook Citigroup Inc. as the world's largest bank
by market value after less than a year as a public company.
ICBC's shares rose as much as 1.9 percent in Shanghai today
to 5.80 yuan (77 cents), taking its market capitalization to
$244.9 billion, more than Citigroup's $243.9 billion. Citigroup
earned more than three times as much as ICBC last year.
Read more at Bloomberg Emerging Markets News
Ltd. briefly overtook Citigroup Inc. as the world's largest bank
by market value after less than a year as a public company.
ICBC's shares rose as much as 1.9 percent in Shanghai today
to 5.80 yuan (77 cents), taking its market capitalization to
$244.9 billion, more than Citigroup's $243.9 billion. Citigroup
earned more than three times as much as ICBC last year.
Read more at Bloomberg Emerging Markets News
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