Shinhan President Shin to Resign; Bank Withdraws Complaint
Stock Chart for Shinhan Financial Group Co Ltd (055550)
Shinhan Bank said Shin Sang Hoon, president of the lender’s parent company Shinhan Financial Group Co., will resign.
The bank said it will also withdraw a complaint against Shin for alleged embezzlement and breach of duty. Shinhan Bank, which on Sept. 2 asked prosecutors to investigate Shin, announced the withdrawal in an e-mailed statement today.
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