"systemic failures"

#11449975

2 August 2024

Victims of the Happy Money incident are gathering in front of the Financial Supervisory Service (FSS) in Yeouido, demanding justice and compensation on August 2, 2024, in Seoul, South Korea. These individuals, primarily ordinary citizens, are purchasing Happy Money vouchers to save on living costs, with some even receiving them as part of their annual bonuses. One victim is sharing that many are relying on the vouchers for essential daily expenses, emphasizing the severe impact of their sudden devaluation. The protesters are voicing frustration over the lack of regulatory oversight that is leading to the collapse of Happy Money Inc. and are demanding government accountability for the financial oversight failure. Victims are also criticizing local media for unfairly portraying them as naive or reckless, instead of addressing the broader systemic issues and regulatory gaps that are allowing the collapse.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11449976

2 August 2024

Victims of the Happy Money incident are gathering in front of the Financial Supervisory Service (FSS) in Yeouido, demanding justice and compensation on August 2, 2024, in Seoul, South Korea. These individuals, primarily ordinary citizens, are purchasing Happy Money vouchers to save on living costs, with some even receiving them as part of their annual bonuses. One victim is sharing that many are relying on the vouchers for essential daily expenses, emphasizing the severe impact of their sudden devaluation. The protesters are voicing frustration over the lack of regulatory oversight that is leading to the collapse of Happy Money Inc. and are demanding government accountability for the financial oversight failure. Victims are also criticizing local media for unfairly portraying them as naive or reckless, instead of addressing the broader systemic issues and regulatory gaps that are allowing the collapse.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#9725230

10 March 2023

Silicon Valley Bank collapses after failing to raise capital. A bank run has caused regulators to shut SVB down. SVB landed to higher-risk tech startups and had their shares halted last Friday after falling more than a 60%, what caused stocks from other banks around the globe to fall as well on March 10, 2023, in Barcelona, Spain.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#9725234

10 March 2023

Silicon Valley Bank collapses after failing to raise capital. A bank run has caused regulators to shut SVB down. SVB landed to higher-risk tech startups and had their shares halted last Friday after falling more than a 60%, what caused stocks from other banks around the globe to fall as well on March 10, 2023, in Barcelona, Spain.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#9725236

10 March 2023

Silicon Valley Bank collapses after failing to raise capital. A bank run has caused regulators to shut SVB down. SVB landed to higher-risk tech startups and had their shares halted last Friday after falling more than a 60%, what caused stocks from other banks around the globe to fall as well on March 10, 2023, in Barcelona, Spain.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#9725238

10 March 2023

Silicon Valley Bank collapses after failing to raise capital. A bank run has caused regulators to shut SVB down. SVB landed to higher-risk tech startups and had their shares halted last Friday after falling more than a 60%, what caused stocks from other banks around the globe to fall as well on March 10, 2023, in Barcelona, Spain.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.