SEOUL, Mar. 5 (Korea Bizwire) — Shinhan Card has introduced a ‘Self FDS (Fraud Detection System)’ service available in overseas countries for the first time among Korean banks, said the company on March 4. The current FDS service employed by Shinhan Card was conducted by a pattern analyzing program which detects any abnormalities based on accumulated transaction data. [...]
SEOUL, Mar. 4 (Korea Bizwire) — Daishin Asset Management has announced the launch of its UBP Asia Consumer Fund, which will specialize in retail and consumer sectors targeting women, Chinese tourists, and customers looking for unisex goods, in collaboration with Swiss private bank UBP’s research analysts. The UBP Asia Consumer Fund’s portfolio will be composed of domestic [...]
Thirty-Year Industry Veteran Brings Exchange Leadership to Board NEW YORK, Mar. 3 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) today announced that Thomas A. Kloet, former Chief Executive Officer of TMX Group Limited, the Toronto-based stock exchange owner and operator, was elected to Nasdaq’s Board of Directors as a non-executive director. Mr Kloet was CEO of TMX [...]
SEOUL, Mar. 2 (Korea Bizwire) — Foreign investors turned net buyers of Korean stocks in February, snapping a two-month selling streak on the back of easing uncertainties in Greece and the U.S. central bank’s flexible stance on an interest rate hike, the Seoul bourse operator said Monday. Offshore traders bought a net 1.32 trillion won [...]
SEOUL, Feb. 26 (Korea Bizwire) – A special bank has been set up to lend money to poor criminals who are fined but have to endure prison labor because they have no money to pay the penalties. Citizens’ Solidarity for Human Rights announced on February 26 that it established the “Jean Valjean Bank” to help [...]
Offers Investors the Opportunity for Capital Appreciation While Protecting Portfolios From Downturns NEW YORK, Feb. 25 (Korea Bizwire) — Nasdaq announced that Tuttle Tactical Management will list a new exchange-traded product (ETP), Tuttle Tactical Management U.S. Core ETF (Symbol: TUTT), which will begin trading on The Nasdaq Stock Market today. “We’ve developed TUTT to reassure [...]
TORONTO, ONTARIO, Feb. 24 (Korea Bizwire) – Bank of Montreal (TSX: BMO)(NYSE: BMO) today announced that the Board of Directors declared a quarterly dividend of $0.80 per share on paid-up common shares of Bank of Montreal for the second quarter of fiscal year 2015, unchanged from the previous quarter. The Board of Directors also declared [...]
Financial Results Highlights: First Quarter 2015 Compared with First Quarter 2014: - Net income of $1.0 billion, down 6%; adjusted net income(1) of $1,041 million, down 4% - EPS(2) of $1.46, down 8%; adjusted EPS(1,2) of $1.53, down 5% - ROE of 11.8%, compared with 14.2%; adjusted ROE(1) of 12.3%, compared with 14.5% - Provisions [...]
Industry leaders and other participants from 28 countries and 6 continents to attend one of the largest metals and mining investor conferences in the world TORONTO, ONTARIO, Feb. 20 (Korea Bizwire) – BMO Capital Markets will host its annual Global Metals & Mining Conference from February 22 to February 25, 2015, in Hollywood, Florida. Now [...]
SEOUL, Feb. 22 (Korea Bizwire) – Foreign investors and owner families of South Korean business groups took away a dividend windfall as local firms jacked up dividend payouts under growing pressure to share more of their earnings with investors, data showed on Sunday. According to the data compiled by conglomerate tracker Chaebul.com, the [...]