Bank of Korea
The Bank of Korea is the central bank of South Korea, established in 1950 and based in Seoul, South Korea. The primary focus of the Bank of Korea is stabilizing the value of the national currency, promoting the soundness of the banking and credit systems, and developing the Korean economy.
Bank of Korea - Recent News & Articles
Federal Reserve Chair Jerome Powell revealed Sunday night that the Justice Department served the central bank with grand jury subpoenas, threatening a criminal indictment related to Powell’s testimony...
Trump proposed a one-year 10% cap on the interest rates that American credit card companies can charge customers. Shares of Citigroup, JPMorgan Chase, Wells Fargo, Bank of America, Visa, Mastercard, A...
In the Federal Reserve’s battle between fighting inflation and unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026. At his Wednesday news conference, ...
Australia’s inflation accelerated in October, exceeding analysts’ estimates and rising at its fastest pace in seven months, data from Australian Bureau of Statistics showed Wednesday. The consumer pri...
The Bank of England on Thursday voted narrowly to hold interest rates steady, exercising caution ahead of the government’s Autumn Budget in November. Out of the BOE’s nine-member monetary policy commi...
By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. In addition to the rate move, the Fed announced that it would be...
Huntington Bank will acquire Texas- and Mississippi-based Cadence Bank in a $7.4 billion, all-stock transaction that’s expected to close in the first quarter of 2026, the banks said Monday. It’s the s...
The stockmarket is not the economy, as the old investing cliché goes. That is obvious enough to anyone paying attention in America this year. President Donald Trump’s tariff fervour has dented growth,...
US bank Fifth Third has struck a $10.9bn all-stock deal to buy Comerica, in the latest example of regional banks combining to compete with larger rivals. The deal, announced on Monday, will propel Fi...
Swift is teaming up with Consensys and over 30 unspecified institutions to build a blockchain-based settlement system for 24/7 real-time cross-border payments. The Swift interbank communication networ...