InfoAnda - S.Korea bank runs prompt more suspensions

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Immortal to be new posthumous Michael Jackson album | | 4 October 2011
A Clinton moment: the naked truth about Americans | 21 July 2009
Seven Afghan civilians said killed in NATO airstrike | | 27 May 2012

TBS casts actresses for "Security" drama pilot | 12 March 2010

Forum Views () Forum Replies ()

Read more with google mobile : S.Korea bank runs prompt more suspensions

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World S.Korea bank runs prompt more suspensions AFP - Saturday, February 19 Send IM Story Print S.Korea bank runs prompt more suspensions SEOUL (AFP) - – South Korea suspended operations at four more savings banks after runs developed as customers rushed to get at their money despite official assurances the financial sector was secure. Saturday's move came just days after two other institutions had their activities suspended and state-owned finance groups joined forces with commercial banks to pledge billions of dollars in liquidity for a sector beset by souring property loans. One of those suspended on Thursday was the Busan Savings Bank, South Korea's largest in terms of assets. The Financial Services Commission (FSC) said Saturday it was suspending three affiliates of Busan Savings Bank -- Jungang Busan Savings Bank, Busan II Savings Bank and Jeonju Savings Bank -- as well as Bohae Bank for six months each. "Considering recent waves of deposit withdrawals, available liquidity, remaining deposits and capacity to borrow, the FSC concluded that they might face a situation where they are unable to pay customers," the FSC said. The freeze may be lifted if the banks recoup their liquidity, it said. The FSC on Thursday put a six-month block on the operations of Busan Savings Bank and its affiliate, the Daejeon Mutual Savings Bank, and announced steps to support others that may be hit by increasingly precarious-looking property loans. Busan is the country's biggest savings bank, with assets worth 3.74 trillion won ($3.4 billion). Last month, regulators shut down Samhwa Mutual Savings Bank which became insolvent because of soured property loans. Woori Finance Holdings Co., South Korea's second-largest financial group by assets, was chosen on Friday as the preferred bidder for Samhwa being sold by the state-financed Korea Deposit Insurance Corp. (KDIC). Woori, which beat out two local rival bidders to buy Samhwa, will inject fresh funds worth $90 million while the KDIC will fill in the bank's unspecified debts-assets gap. The FSC said on Thursday that 94 of the country's 105 savings banks meet capital adequacy standards and it did not expect any more suspensions in the first half of the year. It was not clear if the three institutions suspended Saturday were among the 11 the FSC deemed to have inadequate capital. It said state-owned Korea Finance Corp, four major commercial banks and the Korea Securities Finance Corp would supply a total three trillion won (2.69 billion dollars) in liquidity to the sector. Recommend Send IM Story Print Related Articles China raises fuel prices to trim demand Reuters - 26 minutes ago US's Geithner: More flexible forex will help fix imbalances Reuters - 33 minutes ago G20 finance ministers after Paris meeting Reuters - 43 minutes ago US-BUSINESS Summary Reuters - 48 minutes ago French announce G20 compromise deal on imbalances Reuters - 48 minutes ago News Search Top Stories Palestinians to make fresh UN anti-settlement bid Britain's Fergie 'not invited to royal wedding' Barclays criticised over UK corporation tax bill US lawmakers vote to cut $61 bn in govt spending US vetoes UN resolution on Israeli settlements More Top Stories » ADVERTISEMENT Most Popular Most Viewed Britain's Fergie 'not invited to royal wedding' Fewer big fish in the sea, say scientists Obama vows US will 'out-hustle' world Bahrain protesters shot as heir promises talks US lawmakers vote to cut $61 bn in govt spending More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 19 February 2011
Egypt says Iran ships can use Suez Canal -source
Berlusconi eyes justice curbs as sex trial looms
Uganda vote set to extend Museveni's 25-year rule
Germany's 'cut-and-paste' minister drops PhD title
Egyptian bank shutdown and strikes hit industry
Spain okays plan to shore up troubled savings banks
Thousands of Egypt protesters keep up the pressure
Egyptian revolution brings show of religious unity |
Fewer big fish in the sea, say scientists
Copenhagen hippie haven belongs to Denmark: court
Iran cleric plays down calls to hang opposition heads
Mideast regimes counter protests with deadly force
TomTom faces squeeze from rivals' free services
Berlusconi's dancer describes 'bunga bunga parties'
Electrode therapy aids compulsive disorder: scientists
Egypt's military studying Iran warship request
Guantanamo jury to sentence al Qaeda conspirator |
Wozniacki topples Clijsters to reclaim No. 1 spot
Egyptians speak out at protesters' "Victory March"
Three hurt in Tunis Islamist protest over brothel |
S. Korea activists say pizza pledges can be deadly
'Sam Cam' opens London Fashion Week amid cuts warning
Decade to shift Chinese economy away from exports: bank
Intel plans $5 bln Arizona chip plant by 2013 |
Lara Croft actor Glen to join Downton Abbey
Vietnam rate hike to help cut inflation: economist
U.S. and EU regulators eye Apple subscription plan |
Film explores centuries-old Albanian blood feuds
Obama touts innovation agenda for spurring jobs |
Pakistan to rule on Antofagasta venture soon-report
Google group keeps sights on Microsoft in new era |
Essar Energy agrees to buy refinery from Shell
Indonesian hardliners rally to disband Muslim sect
Pakistani stocks, o/n rates end down; rupee firms
China to raise banks' reserve requirement ratio
Malaysia's economy slows to 4.8% in Q4
China's auto sales hit new high in January
US-TECH Summary
Google group keeps sights on Microsoft in new era
Obama to name Intel CEO to White House jobs panel
Lady Gaga breaks iTunes records, says on drunk diet |
U.S. and EU regulators eye Apple subscription plan
Azerbaijan urges citizens to fight corruption online
Republicans seek to quash 'net neutrality' rules
US regulators examine Apple media platform: WSJ
Destructive cyber attack inevitable: NSA chief
Egypt's army turns to the Web after protests
Obama meets US tech titans, including Apple's Jobs
US in direct talks with Taliban: New Yorker
Sarkozy warns putting national interests first will kill G20
Obama condemns violence in Bahrain, Libya, Yemen
Al Jazeera says signal jammed, Libya blocks website
Twitter cuts off UberMedia apps for tweets
Libya's Gaddafi faces fight of life, Bahrain offer snubbed |
Guantanamo prisoner will serve 34 more months
US spending battle escalates amid shutdown fears
Twitter cuts off UberMedia apps for tweets
Egyptians celebrate, pressure army to keep pledges |
Bahrain protesters shot as heir promises talks
Intel to invest $5 billion in new Arizona plant
U.S. vetoes U.N. draft condemning Israeli settlements
Dozens more killed in east Libya: Human Rights Watch |
Facebook access cut in Libya: reports
Stateless in Kuwait protest for citizenship rights
Obama vows US will 'out-hustle' world
Kadhafi loyalists threaten to snuff out protests
Thousands of Egypt protesters keep up the pressure
Bahrain king offers dialogue to resolve crisis |
Intel plans $5 billion Arizona chip plant by 2013
Obama touts innovation agenda for spurring U.S. jobs
Oman protesters call for political reform, pay rise |
Egyptians celebrate, pressure army to keep pledges
Guantanamo prisoner to help prosecute others |
Champions shaping up for browser battles
Egyptian revolution brings show of religious unity
India, Bangladesh launch 10th Cricket World Cup
Egypt military says will not allow strikes to go on
Activist sees end to Japan's Antarctic whale hunt
30 wounded in Kuwait protests on Friday
Australians urged to reconsider trips to Bahrain
Myanmar says Suu Kyi party must apologize for sanctions |
Dance transforms inmates in Taiwan 'jail of art'
Three hurt in Tunis Islamist protest over brothel |
Dead baby found at Oprah school
IRB brokers deal in Fiji World Cup crisis
Susanne Bier brings "A Better World" to Hollywood
China adopts heavy metal reduction plan
Alarmed by Bahrain violence, U.S. appeals to govt
Roddick beats Hewitt to reach Memphis tennis semis
US vetoes UN resolution on Israeli settlements
S.Korea proposes 'special Olympic law'
Family of late Cuba hunger striker receive US visas
Manila apologises over deportees row: Taiwan
US vetoes UN resolution on Israel settlements
Bangladesh cricket W.Cup frenzy ahead of India opener
U.S. launches diplomatic "surge" to end Afghan war
Iran, Hungary lead pack for Berlin fest's Golden Bear
Obama 'warned of repercussions' if Abbas goes to UN
US-ENTERTAINMENT Summary
"American Idol" powers Fox to another Thursday win
Brazil keeps focus on China, Iran under new leader
Dead baby found at Oprah school
Intel plans $5 bln Arizona chip plant by 2013 |
Palestinian leader rejects US bid to halt UN vote
Holy smokes Batman! Oscar voters go mainstream
Iranian drama is film to beat at Berlin festival
Susanne Bier brings "A Better World" to Hollywood
Details of dramatic changes for Oscars telecast
Al Jazeera says signal jammed, Libya blocks website |
'Sam Cam' opens London Fashion Week amid cuts warning
Lady Gaga breaks iTunes records, says on "drunk diet"
Holy smokes Batman! Oscar voters go mainstream |
American Idol powers Fox to another Thursday win |
Dead baby found at Oprah school |
Iranian drama is film to beat at Berlin festival |
Details of dramatic changes for Oscars telecast |
Susanne Bier brings A Better World to Hollywood |
Libya toll rises as Bahrain protesters seize square
Britain's Fergie 'not invited to royal wedding'
Egypt's "winds of freedom" give birth to new party
Barclays criticised over UK corporation tax bill
Suez Canal says no go-ahead yet for Iran warships
Three Russian skiers killed by Caucasus militants
US vetoes UN resolution on Israeli settlements
Lady Gaga earns third #1 single on Billboard Hot 100 with “Born This Way”
Arab League sees grave situation and wants summit |
Egypt's largest factory strikes despite warning
U.N. nuclear body may highlight Iran military concerns |
Eighteen dead in Taliban attack on Afghan bank
At least nine killed in Afghan bank attack |
30 wounded in Kuwait protests on Friday
Pirates grab four American sailors off Oman |
Muscovites gunned down in Russia's North Caucasus |
Afghanistan: Attackers raid bank, kill at least 3
German minister rejects quitting in plagiarism row |
Thousands of Thai 'Red Shirts' rally in Bangkok
Pamela Anderson asks India to retire old monkeys
G20 seeks elusive deal on economic indicators
Japan court orders $2.4 bln individual tax refund
Indian batsman Sehwag hits first World Cup century
S.Korea bank runs prompt more suspensions
Tendulkar first man out at World Cup
South Korea suspends four more savings banks
Rebels free Philippine cop, ex-soldier amid talks
Philippine military probes Facebook abuse video
A life worth 3 rupees
Japan advises Thailand to boost labour force
Cambodia makes border mountain a strategic point
Thailand's red shirts to reveal 'solid evidence' of PM's UK citizenship
Kiefer Sutherland in talks to return to TV with Tim King project
David Arquette fills in for Michael Vick's "Oprah" interview
Texas expected to pass bill requiring ultrasounds before abortion
Facebook changes relationship status options to include civil unions, domestic partnership
'Botox Bandit' enters plea of no contest in Florida court
Supreme Court, Congress take on sexual assault in military
U.S. reiterates importance of Asia Pacific, urges Japan to more active role
Firefighter refused to respond to Tucson shooting
Senate confirms top level intelligence chief
Authorities seize $9 million in opium at JFK
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01