Shinhan Bank ordered to make restitution for some Lime losses

Home > Business > Finance

print dictionary print

Shinhan Bank ordered to make restitution for some Lime losses

 
 
Shinhan Bank has been ordered to make restitution for up to 75 percent of some investments made in Lime Asset Management funds.
 
The decision was delivered by the Financial Dispute Settlement Committee of the Financial Supervisory Service on Tuesday.
 
Lime, which was once the largest hedge fund in the country, halted withdrawals from some funds in late 2019.
 
The regulator has been mediating disputes between fund sellers and investors by picking out exemplary cases. For Shinhan Bank, the committee asked it to reimburse 69 percent and 75 percent of investments into Lime Credit Insured funds for two investors, respectively.
 
The decision, however, is not legally binding.
 
BY KIM JEE-HEE  [kim.jeehee@joongang.co.kr]
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now