- In particular, South Korean banks built up strong capital-solvency ratios and fended off bad assets.
- The average Tier One ratio for South Korean banks is 8.4 per cent, compared to 5 per cent a decade ago, says Mr Scarff.
- "Three people came to investigate the fees and commissions we charge," said one bank. "They said they were looking into whether Korean banks are violating FTC regulations.
- Mr Scarff said: “South Korean banks could run close to the winds in terms of generating capital, as the macro picture [in the country] is not that great.
- Three major South Korean banks - Shinhan, Woori and Hana - have won regulatory approval to set up wholly owned units in China, Reuters reported yesterday, citing unnamed sources.
- The bank is a ten minutes' run from the hotel.