Economic slowdown

ICBC, the world's biggest lender by market value, said yesterday that 2012 earnings rose 14.5pc, beating analyst estimates. Photo: Reuters

'Too big' ICBC announces slowdown in growth

ICBC, the world's largest bank by market value and assets, plans to slow down asset expansion this year and tolerate a higher bad-loan ratio, underscoring the pressure from stricter capital rules and the anticipation of an economic slowdown.