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Capital firms face increased pressure to set aside loss reserves

Capital firms that offer a diverse range of credit financing services are facing increased pressure to set aside reserves following recent directives from financial authorities urging the financial institutions to be fully prepared for a potential real estate project financing (PF) crisis. The increased sizes of loan-loss reserves could translate into deteriorating profitability. ....

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Korea Rugby Union chief to lead South Korea at Hangzhou 2022 Asian Games

Korea Rugby Union chief to lead South Korea at Hangzhou 2022 Asian Games
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Shutdown of last-resort lender raises concerns for those needing quick loans

The latest decision by the country s largest private lender to shut down business operations is prompting concerns that financially vulnerable people will have fewer places to a get a quick cash loan. According to industry sources, Thursday, OK Savings Bank recently submitted a request to the financial authorities seeking to acquire Rush and Cash, the No. 1 private money lender, by the end of this year. ....

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