Mar
16
Trump Adviser Gary Cohn to Sell Stake in Chinese Bank Giant
ByCreditHilary Swift for The New York Times
The White House economic adviser Gary D. Cohn is selling a significant holding in the world’s largest bank — which happens to be in China — as he clears potential conflicts of interest to serve in his new role.
The stock that Mr. Cohn is selling is in the Industrial and Commercial Bank of China, which with nearly $3.5 trillion in assets is the biggest on the planet, and it would be valued at about $16 million based on Thursday’s trading, according to details of his holdings in a set of documents issued by the Office of Government Ethics…