China's big banks set for hard slog as margins shrink

SHANGHAI/BEIJING (Reuters) - Four of China's so-called 'Big Five' state-owned banks have warned that profits will continue to be pressured in the second half of the year, as slowing growth in the world's second-biggest economy hits borrowers and saps lenders' margins. Industrial and Commercial Bank of China (ICBC) , Bank of China (BoC) , Agricultural Bank of China (AgBank) and Bank of Communications (BoCom) all warned of tough times ahead. BoC's chief risk officer Pan Yuehan said the bank faces