Another China Record: ICBC Overtakes Bank of America as 2nd Largest Bank by Market Value
With
a market capitalization of over $250 billion, China's Industrial and
Commercial Bank of China (ICBC) overtook Bank of America (BAC) on the last
trading day of the year on Friday to become the second biggest bank in the
world by market value, behind Citigroup.

As
2006 comes to a close and everyone is taking time to enjoy the wonderful
holiday season, and before embarking on another adventurous year 2007, here is
a look at the 2006 top technology, business and global markets by the
Numbers profiled in
This
week saw a slew of good economic indicators in U.S., as consumer
confidence jumped at an 8 month high, new homes sales and existing homes
sales showing positive turns, and the job market resilient with only 1,000
rise in jobless claims.