No account yet?
Subscription Options
Subscribe via RSS, or
 
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Login
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News

A feed could not be found at http://www.dallascowboys.com/cda-web/rss-module.htm?tagName=News

Stars Recent Headlines
Good News Dallas
Lifestyles
South Korea No Longer Lucrative for London Bankers Print E-mail
by Tom McGregor    Mon, Jan 13, 2014, 10:36 PM

London's major bankers are turning away from making bigger investments in South Korea.

According to the Chosun Ilbo, "The CEO of Standard Chartered Korea is stepping down two years before the end of his tenure. Richard Hill will be replaced by Ajay Kanwal, the CEO of the U.K. bank's Taiwan operations."

South Korea is facing a slowdown in its overall economy.

As reported by the Chosun Ilbo, "The U.K. bank has been reducing branches and cutting staff here since last year because the Korean market has lost its luster. The replacement of Hill is apparently related to the poor earnings of the local operations."

Under Hill's tenure, Standard Chartered had experienced a 30% drop in annual profits.

To read the entire article from the Chosun Ilbo, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it  

Share This Story on Facebook
Comments (0)add comment

Write comment
smaller | bigger
password
 

busy
 
< Prev   Next >