All posts tagged "banks"

  • BBCN4
    BBCN-Wilshire merger may cut hundreds of jobs

    By The Korea Times New York staff The merging of the largest two Korean American banks, BBCN and Wilshire, may result in as much as 300 to 400 lay-offs, according to industry sources. The merger, officially announced...

    • Posted December 9, 2015
    • 8
  • BBCN, Wilshire, bank
    BBCN and Wilshire merger to create $12.3 billion Korean American bank giant

    By The Korea Times Los Angeles staff BBCN’s buy-out of Wilshire Bancorp, which when completed will create the largest Korean American bank with assets totaling $12.3 billion, was officially announced by executives Monday. Gathered inside the Oxford...

    • Posted December 8, 2015
    • 4
  • BBCN, Wilshire Bank
    No. 1 and No. 2 Korean American banks BBCN and Wilshire to merge

    By The Korea Times Los Angeles staff Weeks following an announcement by BBCN Bancorp, the largest Korean American bank, that it had received a merger proposal by No. 3-largest Hanmi Bank, BBCN said Sunday it will merge...

    • Posted December 7, 2015
    • 3
  • (NEWSis)
    US Korean banks offer free wire transfers to Korea for Chuseok

    A handful of Korean banks in the U.S. will offer free overseas wire transfers in time for Korean Chuseok, a harvest festival and one of the country’s biggest holidays. Among the banks joining in on waiving transfer...

    • Posted September 10, 2015
    • 4
  • check kiting
    Korean check kiting scheme costs banks $15 million

    FBI arrests 12 and three more are considered fugitives  Twelve people have been arrested and three are missing after a large-scale “bustout” scheme of check kiting that has cost major financial institutions at least $15 million. The...

    • Posted May 15, 2014
    • 0
  • kakao.com
    Kakao to offer money transfers

    By Choi Kyong-ae BARCELONA — Kakao, the operator of the country’s most popular messaging application KakaoTalk, will run a test of a money transfer service next month in cooperation with banks, the company’s chief executive said Monday....

    • Posted February 25, 2014
    • 0
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