K-Bank's Q1 Net Profit Drops 68% Year-on-Year to 16.1 Billion Won
K-Bank reports 68% year-on-year drop in Q1 net profit to 16.1 billion won, citing decreased interest income and increased deposit costs amid lending restrictions
Savings banks express concerns over increased deposit insurance limit to 100 million won, citing higher costs and potential reduction in loans to low-income borrowers despite projected deposit growth.
#YonhapInfomax #SavingsBanks #DepositInsurance #FinancialRegulation #LoanSupply #DepositGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=62894
[Financial District Tidbits]Savings Banks Industry Frowns Despite Deposit Insurance Limit Increase to 100 Million Won
Savings banks express concerns over increased deposit insurance limit to 100 million won, citing higher costs and potential reduction in loans to low-income borrowers despite projected deposit growth.
KB's Coffers Full... Poised to Reclaim 'Leading Bank' Status by Unleashing Funds
KB Kookmin Bank leverages massive financial resources to reclaim 'leading bank' status, attracting deposits through partnerships and eyeing institutional business expansion.
U.S. regional banks witnessed a rally
At news of deposit growth that was hearty
But many investors say
We haven't seen the worst day
And the banking crisis may be far from over yet
#usbanking #westernalliance #depositgrowth #investorconfidence #poetry
https://www.reuters.com/business/finance/us-regional-bank-shares-jump-western-alliance-deposits-growth-2023-05-17/
US regional bank shares rally after Western Alliance reports deposit growth
Shares of U.S. regional lenders jumped on Wednesday on growing investor confidence that the worst of the banking crisis was likely over, following news of strong deposit growth at Western Alliance Bancorp <a href="https://www.reuters.com/companies/WAL.N" target="_blank">(WAL.N)</a>.
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