Citibank Korea and Standard Chartered (SC) Bank Korea met mixed outcomes in their third-quarter operations in Korea. Both banks saw notable increases in their interest income due to prolonged high interest rates, yet expenses and the amount of reserve funds created the differing performances.
Citibank Korea said Wednesday that it hosted a seminar for corporate clients to inform them about the procedures for gaining approval from the Science Based Targets initiative, a global climate organization, for their carbon reduction targets. The SBTi, jointly founded in 2015 by the World Wide Fund for Nature, the Carbon Disclosure Project and the United Nations Global Compact, defines and provides science-based int.
While financial authorities are advocating for governance reforms and voicing concerns about the prolonged tenure of CEOs in the financial sector, foreign banks seem to be sidestepping these pressures.