More News
RETAIL BANKING | Cesar Tordesillas, Korea
view(s)

Korean savings banks asked to take self-help steps

South Korea's financial watchdog  requested savings banks with substandard levels of capital to submit self-rescue measures as part of its efforts to overhaul the troubled sector.

 

Last week, the regulatory Financial Services Commission launched a two-month inspection into 85 savings banks to look into their financial health and determine whether to pump public funds into viable players.

The full story is available at Yonhapnews.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.