ICBC Punishes 137 Staff Amid Finance Industry Graft Probe

  • Some workers expelled from Communist Party, others warned
  • China's anti-graft agency carrying out broad industry checks

China’s biggest bank, Industrial & Commercial Bank of China Ltd., said it punished 137 staff for breaches of Communist Party discipline, such as accepting gifts or starting their own businesses, as a corruption crackdown sweeps through the nation’s finance industry.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.