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home / articles / TLT - China's Biggest Lender ICBC Confirms Ransomware Attack Disrupts Trades In US Treasury market | Benzinga

TLT - China's Biggest Lender ICBC Confirms Ransomware Attack Disrupts Trades In US Treasury market | Benzinga

iShares 20+ Year Treasury Bond ETF

The U.S. financial services division of the Industrial and Commercial Bank of China (ICBC) faced a cyberattack, impacting Treasury trades and prompting an investigation, and ICBC isolated affected systems to contain the disruption.

The Industrial and Commercial Bank of China is the world's largest lender by assets.

ICBC cleared U.S. Treasury trades executed on Wednesday and repo financing trades on Thursday, reassuring stakeholders. 

However, conflicting reports suggested disruption in Treasury trades, with the Financial Times Full story available on Benzinga.com
Stock Information
Company Name: iShares 20+ Year Treasury Bond ETF
Stock Symbol: TLT
Market: NASDAQ
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