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Shinhan Financial Group has slimmed down its holding company s structure, while retaining all of the CEOs of its subsidiaries in the latest round of staff assignments. The lender said the year-end executive appointments announced on Tuesday reflect a strategy of proactively enhancing efficiency and productivity in response to an anticipated economic downturn next year. ....
As the new year approaches, free calendars produced and distributed by banks are becoming highly sought after. Despite banks reducing the quantity of paper calendars they produce, demand remains consistent, with people rushing to banks as soon as they open and calenders being sold at a premium in the secondary market. ....
The issuance of equity-linked securities (ELS) tied to the performance of Japan s Nikkei 225 in Korea has outsripped the issuance of those linked to the Hang Seng China Enterprises Index (HSCEI). ....
The newly-appointed leader of the Korea Federation of Banks (KFB), Cho Yong-byoung, urged lenders to develop mutual growth plans that meet not only their objectives, but the public s expectations as well. He also asked the banking industry to reflect on whether they have fulfilled their social responsibilities. ....