UK Raises Bank Deposit Protection Limit to £120,000 to Reflect Inflation
The Bank of England will raise the UK’s deposit protection limit to £120,000 from December 1, reflecting inflation and aiming to bolster public confidence in the financial system.
South Korea's key economic and financial authorities announced major meetings and policy updates, including the Bank of Korea's June Producer Price Index release and a cabinet vote on raising the deposit protection limit.
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[Today's Schedule of Ministry of Economy and Finance and Other Economic Departments]South Korean Economic and Financial Authorities Announce Key Meetings and Policy Updates
South Korea's key economic and financial authorities announced major meetings and policy updates, including the Bank of Korea's June Producer Price Index release and a cabinet vote on raising the deposit protection limit.
Saemaul Geumgo Merges 24 Credit Unions as Part of Management Rationalization
National Credit Union Federation of Korea completes merger of 24 credit unions since July 2023, maintaining branch numbers to serve underserved areas despite entity reduction
Failed Silicon Valley Bank up for auction; deposit protection debated
An auction for the failed bank is now underway, as officials consider protecting depositors as they rush to find solutions before market open.
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