| Mobile Web

Search results for investment bank

Finance

Samsung Securities enters commercial paper business after 9 years, gets final FSC approval

Samsung Securities will enter the commercial paper business after nine years after South Korea\'s Financial Services Commission gave final approval. The company first applied in 2017 but failed repeatedly due to issues including major shareholder eligibility and possible sanctions. Its review was halted again last year amid potential penalties linked to regulators’ inspections. With sanctions set at an “institutional warning” in July, the review resumed. The number of licensed issuers rises to eight.

AI & Enterprise

Linkalpha hires former Coupang Pay CFO Na Hye-won as COO

Linkalpha, an AI-native financial intelligence company, said on Sept. 1 it has hired Na Hye-won (나혜원), a former Coupang Pay chief financial officer, as chief operating officer. Na previously worked at KB Kookmin Bank and Morgan Stanley and held COO and CFO roles at IT platform and content companies. Linkalpha plans to upgrade its finance and operations systems and strengthen organisational competitiveness as it expands globally.

Crypto

Bitcoin breaks from tech stocks, moves in step with gold as safe-haven traits return

Bitcoin is showing a pattern closer to gold than tech stocks, according to an analysis. Grayscale said signs are emerging that bitcoin’s safe-haven character is resurfacing after about a year of behaving like a high-beta risk asset alongside AI-related stocks. Its 90-day correlation with the Nasdaq 100 has dropped to about 33 percent from above 60 percent, while correlation with gold has risen to above 50 percent from near zero early this year.