HONG KONG, March 24 (Xinhua) Hong Kong maintained the third place globally in the latest Global Financial Centers Index (GFCI) published by British think tan
BNY Mellon, one of the oldest US banks, plans to downsize its South Korean operations and withdraw its financial investment business, sources said Dec. 12. It is one of many foreign financial institutions that have lost interest in Asia’s fourth-largest economy in recent years. According to industry sources, Korea’s policymaking Financial Services Commission recently approved BNY Mellon Seoul branch&rsq.