Cross-Border Wealth Management Connect 2.0 Unveiled: Optimizations and Upgrades
The long-anticipated version 2.0 of the “Cross-border Wealth Management Connect” has finally been unveiled. The People’s Bank of China’s Guangdong and Shenzhen branches, the State Administration of Financial Supervision’s Guangdong and Shenzhen Supervisory Bureau, and the China Securities Regulatory Commission’s Guangdong and Shenzhen Supervisory Bureau have jointly issued a notice on the “Greater Bay Area […]
Rising Interest Rates Threaten Future of Sunshine Loans for Low-Income Workers
Maximum Loan Interest Rate for ‘Sunshine Loan’ Rises Again By Money Today Reporter Hwang Ye-rim | 2023.12.03 09:35 Photo = Design Reporter Seonjeong Yoon The maximum loan interest rate for ‘Sunshine Loan’, a policy financial product operated by a savings bank, has increased once again. This rise is attributed to the increase in deposit interest […]
Evidence of meetings between Olaf Scholz and Christian Olearius
The Chancellor does not want to be able to remember meetings with a private banker in the Cum-Ex affair. An internal note from the Federal Ministry of Finance now proves the opposite. The current Chancellor and former First Mayor of Hamburg met with the private banker Christian Olearius three times in 2016 and 2017 – […]
Rapid Increase in Mortgage Loans at Big Five Banks Indicates Strong Real Estate Market Transaction
Surge in Mortgage Loans at Major South Korean Banks By Money Reporter Kim Do-yeop | December 1, 2023, 17:21 The balance of home mortgage loans at the big five banks swelled by almost 5 trillion in November, marking the first time in three years since November 2020 that mortgage loans have increased by more than […]
war | Survey: Support for Putin’s war has fallen dramatically
News blog about the Ukraine war Survey: Support for Putin’s war has fallen dramatically From t-online, dpa, afp, Reuters, bm, te, cli, aj, wan, lim, LMA Updated on December 1st, 2023 – 12:20 p.m. Reading time: 25 min. Vladimir Putin: A survey sees little support for his war against Ukraine. (Source: Mikhail Klimentyev/dpa) Day 645: […]
Home Loan Balances from Five Major Banks Reach Highest Point of the Year in November
Home Loan Balances from Major Banks Reach Record High in November According to the latest data from the financial sector, home loan balances from the five major commercial banks, including KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup, saw a significant increase in November. The total balance reached a record high of 690.3856 trillion won, […]
extremism | Searches in the Reich citizen scene
During investigations against so-called Reich citizens, the police searched properties in several federal states. The accused are said to have illegally operated a health insurance company and banking business. Police and supervisory authorities have launched a large-scale operation against the Reich Citizens’ Association “Kingdom of Germany”. This involves suspected illicit financial transactions. Starting in the […]
Crime | Searches in the Reich citizen scene
During investigations against so-called Reich citizens, the police searched properties in several federal states. The accused are said to have illegally operated a health insurance company and banking business. The police and supervisory authorities are taking action against the Reich Citizens’ Association “Kingdom of Germany” in a large-scale operation. This involves suspected illicit financial transactions. […]
Woori Bank Strengthens Requirements for Housing Mortgage and Jeonse Loans
Woori Bank Tightens Requirements for Housing Mortgage and Jeonse Loans Woori Bank has recently announced an update to its standards for housing mortgage and jeonse loans in an effort to manage and control home loans. The bank unveiled these changes on its website, outlining the new requirements for handling mortgage loans and leasehold loans. New […]
Russian Invasion | War against Ukraine: This is the situation
Russia faces further punitive measures from the EU because of its war against Ukraine. According to information from the German Press Agency, this also includes the proposal to restrict the trade in diamonds from Russia. As the EU Foreign Service announced, a proposal for a twelfth sanctions package was sent to the 27 member states. […]
