2012-06-19bloomberg.com

``So far, regulators have closed Korea's 20 weakest banks. Prosecutors have uncovered illicit lending and lax oversight, leading to indictments of nearly 200 people and at least two jail sentences. Four bank executives have committed suicide, according to police. More than 88,000 depositors and bondholders, many of them retirees, saw 1 trillion won ($857 million) of their savings in excess of insured levels vanish.''



Comments: Be the first to add a comment

add a comment | go to forum thread