Japan's third-largest banking group is more likely to either buy an online lender or build one from scratch itself, rather than acquire banks with physical branches, CEO Tatsufumi Sakai said in an interview.
The proportion of all employees that are paid at the adult minimum wage rate is estimated to be 1.7 per cent, or around 180,200.
The big four bank, which is Australia’s largest bank, said the remediation consisted of $334 million for Aligned Advice remediation, $72 million for wealth customer refunds, $152 million in banking customer refunds and $156 million in other costs.
Bank Woori Saudara, meanwhile, has been holding a series of seminars on asset management for Indonesia customers, Woori Bank in Seoul said.
The main culprit for the drop, which was worse than investors had expected, was a new $714 million charge that the bank took in provisions for customer remediation, mainly in its wealth division.
They received over $2.4 billion and $1.5 billion in orders respectively, with Asia buying 92 percent of the deal and the rest coming from EMEA in both cases, according to Reuters.