Industrial and Commercial Bank of China, China Construction Bank and other lenders have halted new investment in commodity-linked products after spectacular fall in oil prices this month. Photo: Bloomberg Industrial and Commercial Bank of China, China Construction Bank and other lenders have halted new investment in commodity-linked products after spectacular fall in oil prices this month. Photo: Bloomberg
Industrial and Commercial Bank of China, China Construction Bank and other lenders have halted new investment in commodity-linked products after spectacular fall in oil prices this month. Photo: Bloomberg

Bank of China may absorb part of US$1 billion in client losses on product linked to oil price collapse

  • Lender is talking to regulators about not seeking recourse on losses in excess of investors’ margins, people familiar said
  • Hundreds of retail clients have taken to the internet to protest the bank’s handling of the situation

Topic |   Bank of China
Industrial and Commercial Bank of China, China Construction Bank and other lenders have halted new investment in commodity-linked products after spectacular fall in oil prices this month. Photo: Bloomberg Industrial and Commercial Bank of China, China Construction Bank and other lenders have halted new investment in commodity-linked products after spectacular fall in oil prices this month. Photo: Bloomberg
Industrial and Commercial Bank of China, China Construction Bank and other lenders have halted new investment in commodity-linked products after spectacular fall in oil prices this month. Photo: Bloomberg
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