Korean Banks Say to Compensate Investors for China-Linked Notes [Yahoo! Finance]
KB Financial Group Inc (KB)
US:NYSE Investor Relations:
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Source: Yahoo! Finance
after authorities said some of them misrepresented the complex instruments when making the sales. Most Read from Bloomberg Tesla's $25,000 Car Means Tossing Out the 100-Year-Old Assembly Line Bankman-Fried Is Sentenced to 25 Years in Prison Over FTX Collapse Apple Plans New iPad Pro for May as Production Ramps Up Overseas UBS Banker's Frustration Exposes Cracks in World of Climate Finance Dubai Is Losing Its Allure for Wealthy Russians Kookmin Bank and Shinhan Bank said Friday they both received board approval for the compensation guidelines proposed by the Financial Supervisory Service. The products in question are equity-linked securities tied to the Hang Seng China Enterprises Index. The two lenders are the nation's biggest sellers of the structured notes, which offer bond-like coupons if the underlying equities or indexes maintain certain levels. If they drop sharply, investors can lose much or all of their principal. Standard Chartered Bank Korea, Citibank Korea
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News
- KB FINANCIAL GROUP INC. FILES ITS ANNUAL REPORT ON FORM 20-FPR Newswire
- KB or ITUB: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
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- FriendliAI Introduces Friendli Dedicated Endpoints, A Managed Service Version of Friendli Container to Increase AccessibilityPR Newswire
KB
Sec Filings
- 4/29/24 - Form 6-K
- 4/26/24 - Form 20-F
- 4/25/24 - Form 6-K
- KB's page on the SEC website