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Woori Bank wins UK approval for London trading center

Woori Bank said Tuesday that its London trading center has secured approval from UK regulators to sell derivatives products to clients and conduct securities operations, advancing the lender's push to expand its capital markets business in London. The center received approval from the Financial Conduct Authority and the Prudential Regulation Authority on May 29, about 10 months after filing its application, following a process to meet local regulatory requirements and build an internal control f