Financial Industry News
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South Korean president orders probe into data leaks across financial industry
South Korean President Lee Jae Myung ordered a thorough investigation and response measures over recent personal data leak incidents at banks, finance companies and public agencies, Seoul's presidential office said on Sunday. SCROLL TO CONTINUE…
Hana Financial Group opens new Incheon HQ, bets on closer finance-tech ties
Hana Financial Group has announced the completion of its Hana Financial Town project in Cheongna, Incheon, with the opening of a new headquarters, the group said Sunday. The group began developing the complex in 2012, opening an integrated data…
Man City scandal shines light on Manchester United finances
The Premier League's statement laid it out in black and white. 'A total of £830.69m, payable and paid by Abu Dhabi United Group (ADUG) to the club'. In other words, Manchester City 's owners circumvented the league's financial regulations by…
London Gold Body Seeks to Boost Finances With Higher Member Fees
The London Bullion Market Association has raised membership fees and offered the option to pay the dues two years in advance as it seeks to strengthen its finances amid a costly legal challenge. The industry body that effectively sets global…
Japan, Australia Finance Chiefs Set Up Dialogue to Deepen Ties
Japanese Finance Minister Satsuki Katayama and Australian Treasurer Jim Chalmers established a new dialogue framework to enhance economic security cooperation. The two nations will share information on investment trends in their respective…
Brazilian financial stocks rise by double digits on presidential election news
U.S.-listed shares of Brazilian fintech and financial services companies rose by double digits in premarket trading on Monday following news that South America's largest country is heading into a runoff election. Right-wing candidate Flávio…
SEC Coordinates with Global Financial Regulators to Raise Fraud Awareness During World Investor Week
The Securities and Exchange Commission, in coordination with other U.S. and global financial regulators, today issued a joint investor bulletin as part of World Investor Week (WIW). The bulletin encourages investors to be resilient in changing…
Finances for raising a child
Over two decades, India's parenting economics have shifted dramatically. Raising a child was once a low-cost endeavour; today, in a semi-urban and urban India, navigating a child's life from the delivery room to a postgraduate convocation demands…
AS Watson's dual listing plan put off to 2027, targeting US$30b valuation: Financial Times
CK Hutchison (0001) has delayed the dual listing plan of its health and beauty retail chain AS Watson in Hong Kong and London to 2027 mainly due to China's regulatory procedures, with an expected valuation of about US$30 billion (HK$234 billion)…
Bajaj Finance Shares Rise 3.4% as AUM Jumps 27%
Bajaj Finance shares climbed 3.4% on Monday after the Indian non-bank lender reported robust growth in assets under management (AUM) and continued expansion of its loan portfolio during the September quarter. The company's assets under management…
Orange Retail Finance and Shriram Finance sign co-lending agreement for gold loans
Orange Retail Finance India Private Ltd (ORFIL), an RBI-registered non-banking financial company (NBFC) has signed a co-lending agreement with Shriram Finance Ltd to offer gold loans to customers across Tamil Nadu. Under the agreement, the two…
BOJ says AI boom may have eased financial conditions, warns of market risks
TOKYO, Oct 5: Bank of Japan Deputy Governor Shinichi Uchida said the global AI boom may have eased financial conditions by stoking demand and boosting asset prices, but warned of the risk of a market pullback if expected profits fail to…
New car finance compensation update due this week as court hearing starts
Drivers affected by the delayed car finance compensation scheme could get a clearer idea of what happens next as a two-day court hearing gets underway. An Upper Tribunal case management hearing is scheduled for Monday, October 5 and Tuesday…
UK's Job Slump Now Longer Than During Financial Crisis, PMI Says
Britain's jobs market is stuck in its longest downturn since the early 2000s, according to a closely-watched survey, surpassing the decline during the financial crisis. S&P Global's UK purchasing managers' index said employers cut back on staff for…
India-US trade talks hit 'plateau' as further concessions are difficult - finance minister
India-US trade negotiations have hit a “plateau,” making further concessions “very difficult,” Indian Finance Minister Nirmala Sitharaman said on Monday, days after Washington said a deal is not imminent. India and the…
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