ICBC flies top executives to US in race to contain hack fallout

Bank tellers sit in a branch office of the Industrial and Commercial Bank of China (ICBC) in Hong Kong on March 27, 2013. The bank is racing to reassure market participants it has a handle on the situation following the attack by prolific ransomware gang LockBit, which rendered it unable to clear swathes of US Treasury trades and forced many to reroute their orders. The firm has yet to restore normal operations. — AP

Within days of a cyberattack at its US unit, members of Industrial & Commercial Bank of China Ltd’s management were on a plane.

Officials from the world’s largest lender arrived in the US over the weekend in a hastily arranged trip to limit fallout from the incident last week, people with knowledge of the situation said. As they sought to calm markets through a steady stream of discussions and calls, one question remained unanswered: When will the stricken systems start functioning again?