Finance

Woori Bank shakes off first-half slump, posts record third-quarter net profit

Woori Bank rebounded from weak first-half results, posting a record quarterly net profit of 1.03 trillion won in the third quarter, up 22 percent from the previous quarter. Nine-month net profit rose 4.7 percent from a year earlier to 2.40 trillion won. Higher interest income from expanded corporate lending, stronger non-interest income and lower loan-loss provisions supported results. Its net interest margin fell and delinquency indicators worsened.

Crypto

XRP rebound still sees $2.18 billion in short trades; smart money turns \'extremely bearish\'

XRP has rebounded from a recent low, but futures markets showed growing short bets, Decrypt reported. In the past 24 hours, short trading volume was $2.18 billion, slightly above long volume of $2.12 billion. While retail and whale positioning on Binance, OKX and Bybit skewed bullish, smart money indicators on Binance and Bybit were rated “extremely bearish,” with OKX an exception. Liquidations were dominated by short positions.