Connect with us

Hi, what are you looking for?

News

2 international banks to exit South Korea

South Korea’s financial regulator the Financial Services Commission has approved plans by Goldman Sachs and the Royal Bank of Scotland to shut down their branch banking operations in South Korea. The two entities have been working to exit South Korea as part of their cost-cutting efforts. Goldman Sachs plans to continue operations in South Korea via its brokerage branch. Banco Bilbao Vizcaya Argentaria, a Spanish bank, is also in the process of changing the status of its branch in Seoul to a representative office.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.