Search results for HF
Finance
Korean banks tighten lending standards ahead of government property measures
South Korea\'s financial sector is raising lending hurdles ahead of a possible government property package as early as next month. Banks are tightening self-imposed rules, including reducing credit loan limits and strengthening management of overdraft facilities, even as decisions on mortgage and jeonse loan curbs remain undecided. Markets are watching possible tighter jeonse loan guarantees and renewed focus on second-tier lenders. Internet-only banks are also cutting limits as demand shifts.
AI & Enterprise
Minnesota to allow banks, credit unions to offer crypto custody services
Minnesota will allow banks and credit unions to provide cryptocurrency custody services starting on Aug. 1. Cointelegraph reported that Governor Tim Walz (팀 월즈) signed House bill HF 3709. Under the new law, Minnesota-based banks and credit unions can offer certain crypto custody services on a non-trust basis and may use external service providers or sub-custodians. Customer funds must be legally and operationally segregated from the institutions’ assets.
Finance
Shinhan Bank expands support to prevent lease fraud, subsidises guarantee fees for youth and vulnerable groups
Shinhan Bank said on Wednesday it will run a financial-cost support programme to help prevent jeonse lease fraud and strengthen housing stability for tenants. The programme subsidises fees for deposit-return guarantee products, including HF Jikim Guarantee and HUG Return Guarantee, for eligible customers. It targets youth born from 1991 to 2006, multicultural families and households including a person with a disability. The programme runs through Nov. 30, with support capped at 300,000 won per person.
