Subject to FSC approval, the FSS will revoke Lime's business registration and order the company to dismiss its CEO, who was arrested in July.
October 21, 2020Samsung Securities allegedly intervened to secure support from shareholders of a Samsung entity for a 2015 merger while also acting as adviser to the other party in the transaction.
October 19, 2020The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.
October 8, 2020Under the HKMA's sandbox, Fusion Bank will provide savings and time deposits, local fund transfers, payments, and become the first virtual bank to offer FX services.
October 6, 2020The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.
September 30, 2020Interest rates on margin accounts vary between 4.5% and 9%; underwriting fees vary between 1% and 6% of the total value of the shares.
September 29, 2020The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.
September 25, 2020The FSS plans to release guidelines on the disclosure of environmental information and develop a tool to stress test financial resilience to climate risk.
September 24, 2020Since June 2019, banks have been required to inform customers of their right to request lower interest rates when their credit profiles improve or their assets increase.
September 23, 2020One firm was fined KRW 360mn for failing to borrow KRW 13mn worth of stock prior to short-selling, a penalty of more than 27 times the amount short-sold.
September 22, 2020