South Korean savings banks were discovered to have extended illegal loans to their major shareholders, financial regulators said Monday, angering depositors and fueling anxiety following the suspension of seven local savings banks. The data comes a day after the Financial Services Commission (FSC), the country's financial watchdog, suspended the business operations of seven savings banks for six months, citing their insufficient capital adequacy ratios and heavy debts.
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World Bank Regional Vice President First Visit to West Bank and GazaMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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