Standard Chartered poised to slash offices in Korea
Posted : 2021-05-17 16:40
SC Bank Korea denies any immediate plans to shut down branches here
By Lee Min-hyung Standard Chartered Bank Korea CEO Park Jong-bok
Standard Chartered (SC) Bank Korea is facing mounting pressure to reduce the number of its sales offices here amid its mother group s decision to close down half of its branches, mostly in Asia.
The London-based international banking group recently unveiled the plan to cut its 776 branches globally down to around 400.
Although the group s profit structure is heavily reliant on Asia, the Korean subsidiary will nonetheless likely be a primary target for SC s global drive to close a number of offices. SC Bank Korea runs 199 sales offices nationwide, and the company is one of the major profit sources for the group.
If you had $136 million, you might have been able to own the Climbing Arrow Ranch, one of the largest private, undeveloped ranches in the West.
Just 20 miles west of Belgrade, the ranch sold May 10 just days after it was listed and after a rather spirited bidding war.
It is under contract to an unnamed American buyer, at close to its asking price, said Mike Swan of Swan Land Company.
âSince our public release of the listing of the Climbing Arrow Ranch, we have received an extraordinary response from the market, with multiple parties stepping immediately,â said Swan in a prepared statement.
To pack the Supreme Court the Senate will have to do away with the "filibuster" thus allowing a simple majority to change the composition of the Supreme Court which has