Arab Today, arab today bank run at tongyang securities cools since crisis
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

Bank run at Tongyang Securities cools since crisis

Arab Today, arab today

Arab Today, arab today Bank run at Tongyang Securities cools since crisis

Seoul - Yonhap

Fund withdrawals by Tongyang Securities Inc. customers have declined sharply since the immediate aftermath of its parent firm Tong Yang Group's default in September, amid a move underway to sell the brokerage arm, data showed Thursday. The outstanding amount of deposits at Tongyang Securities stood at 2.3 trillion won (US$2.17 billion) at the end of November, equivalent to only 60 percent of the total it held in late September, according to the data by the Korea Investors Service Inc. (KIS).  

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