(Bloomberg) South Korea is likely to draw a line in the sand for the won at around 1,400 per dollar, as the currency approaches that key level again ahead of the Federal Reserve’s policy decision.Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesPimco Warns of More Regional Bank Failures on Property PainStocks Rise as Solid Treasury Sale
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In preparation for the upcoming reform of the foreign exchange (FX) market, domestic banks are expanding their infrastructure and workforce to strengthen their global competitiveness.
In preparation for the upcoming reform of the foreign exchange (FX) market, domestic banks are expanding their infrastructure and workforce to strengthen their global competitiveness.
Major local banks are expediting compensation procedures for losses tied to Hong Kong-linked derivative products, with some poised to distribute payments this week. KB Kookmin Bank, the largest seller of equity-linked securities tracking the troubled Hang Seng China Enterprises Index, will officially begin negotiations for voluntary compensation with clients starting Monday, an official from the bank said Sunday. The.