All posts tagged "FTC"
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531Fintech / RegtechFirst Non-Financial Firm Approved to Raise Stake in Korean Digital Bank
According to the FSC, messenger app operator Kakao has met the qualification criteria for owning a 34% stake in Kakao Bank, one of Korea's two internet-only banks.
July 25, 2019 -
433EnforcementEquifax to Pay Up to $700m to US Authorities for 2017 Data Breach
The penalty amounts allocated to the consumer compensation fund represent less than 3 US dollars for each of the estimated 147 million consumers who had their data stolen in 2017.
July 24, 2019 -
554Capital RegulationUPDATED – K-Bank Financing Plan Halted Amid Antitrust Probe
KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.
April 25, 2019 -
537Capital RegulationS. Korea FSC Wants More Supervision over Financial Conglomerates
South Korea's FSC is pushing to expand its oversight of conglomerates to include those that own other types of financial businesses besides banks.
March 7, 2019 -
1.2KEnforcementS. Korean Regulator Fines Four Global Banks for Rigging FX Derivatives
South Korea’s Fair Trade Commission has fined JP Morgan, HSBC, Deutsche Bank and StanChart a combined $613,000 for rigging forex derivative prices.
January 22, 2019 -
464JapanJapan to Propose Amendments to Simplify Bank Merger Process
Prime Minister Shinzo Abe instructed ministers to propose amendments to existing laws to simplify consolidation of regional banks, many of which are struggling to maintain profitability.
November 8, 2018 -
703EnforcementS. Korea Probes JPMorgan, Citibank in Unresolved Rate Rigging Cases
JPMorgan and Citibank are still being investigated in an ongoing price manipulation probe by the Fair Trade Commission and FSS which dates back to 2011, reports local media.
November 6, 2018
