By The Financial District3 days ago2 minBDO Updates Sustainable Finance FrameworkThe Sustainable Finance Framework (SFF) of BDO Unibank, Inc. (BDO) has just acquired an updated accreditation from Sustainalytics in...
By The Financial District5 days ago1 minChina Sacks 3 Execs For Corruption At Banking, Financial WatchdogAs an anti-corruption drive targeting the financial sector intensified, China expelled two former officials from the Communist Party and...
By The Financial District7 days ago2 minWells Fargo, Bank of America Complete Stress TestWells Fargo & Company announced today that the 2022 Comprehensive Capital Analysis and Review (CCAR) stress test has been completed.
By The Financial DistrictJun 281 minCredit Suisse Convicted In Cocaine Cash Laundering CaseSwitzerland's Federal Criminal Court convicted Credit Suisse of failing to prevent money laundering by a Bulgarian cocaine trafficking...
By The Financial DistrictJun 272 minGroup Of Central Banks Push Global Rate Hikes vs InflationThe Bank for International Settlements (BIS), the world's central bank umbrella organization, has asked for interest rates to be hiked...
By The Financial DistrictJun 252 minING Exits Philippine Retail Banking SectorING said yesterday that it will exit the Philippine retail banking industry before the end of 2022.
By The Financial DistrictJun 252 minSmall China Banks Steal Billions From 400,000 DepositorsThousands of depositors at four banks in China's Henan region are protesting to demand a reimbursement of billions of dollars from Chinese..
By The Financial DistrictJun 212 minU.S. Banks Expect To Pass Fed's Stress Test Large US banks are hopeful that the Federal Reserve will give them a clean bill of health this week, allowing them to disperse billions...
By The Financial DistrictJun 181 minBOJ Chief Says Rapid Yen Weakening Bad For EconomyHaruhiko Kuroda, Governor of the Bank of Japan, reiterated his warning on Friday, June 17, 2022, that the yen's recent rapid depreciation...
By The Financial DistrictJun 172 minEurope's Central Banks Raise Interest RatesCentral banks across Europe raised interest rates on Thursday, June 16, 2022, some by shocking markets, and hinted at even higher...
By The Financial DistrictJun 162 min80% Of Japan COVID Subsidy Applications Unverified As Fraud Cases RiseA family of four was arrested for allegedly swindling about 960 million yen (about $7.1 million), and a Tokyo Regional Taxation Bureau...
By The Financial DistrictJun 132 minCredit Suisse On UK Watchlist For Stricter ControlThe Financial Conduct Authority (FCA) of the United Kingdom has placed Credit Suisse on a watchlist of institutions in need of stricter...
By The Financial DistrictJun 132 minCentral Banks Fueling Inflation Rather Than Curbing It, Experts SayAt its current levels, inflation is a serious economic, social, and political problem – a scourge that disproportionately affects the poor..
By The Financial DistrictJun 122 minADB Approves $4.3B in Funding For PH Railway Project The Asian Development Bank (ADB) has approved up to $4.3 billion in funding to help finance the construction of a nearly 55-kilometer (km)..
By The Financial DistrictJun 122 minCredit Suisse CEO Slams 'Stupid' Takeover Rumor When asked about rumors circulating on Wall Street about a possible acquisition of Credit Suisse (CS) by the American behemoth State...
By The Financial DistrictJun 112 minGlobal Investment Banking Battered After Banner Year In 2021A lack of IPOs, a drop in stock prices, and slowing global economic growth are clouding the outlook for revenue at global investment banks.
By The Financial DistrictJun 112 minUK Banks No Longer Too Big To Fail, Bank of England DeclaresThe Bank of England (BoE) said on Friday, June 10, 2022, that it is satisfied lenders have taken steps to ensure they are no longer...
By The Financial DistrictJun 101 minU.S. Extends $8.5B In Grants To Ukraine"Your strength gives us strength," US Ambassador to Ukraine Bridget Brink said on June 8, adding that $7.5 billion in grants are "on the...
By The Financial DistrictJun 101 minEBRD, Bank of Georgia Promote Green InvestmentsThe European Bank for Reconstruction and Development (EBRD) is lending US$ 35 million to Bank of Georgia to support Georgia's economic...
By The Financial DistrictJun 102 minECB Ends Stimulus Scheme For Eurozone, Interest Rate Hike Set For July The European Central Bank (ECB) ended its long-running stimulus program on Thursday, June 9, 2022, and signaled that it will deliver its...
By The Financial DistrictJun 92 minEBRD Invests In A Baltic FirstActing as an anchor investor, the European Bank for Reconstruction and Development (EBRD) has backed the issuance of a €75 million...
By The Financial DistrictJun 92 minEBRD Finances Telecom Armenia UpgradeArmenians' fixed and mobile phone services will improve as a result of a US$ 20 million loan from the European Bank for Reconstruction and..
By The Financial DistrictJun 92 minCredit Suisse Admits Likely Q2 Loss Credit Suisse warned of a potential second-quarter loss on Wednesday as market volatility affected its investment bank, the third quarter...
By The Financial DistrictJun 81 minJapan Sanctions Russian, Belarusian Banks In response to Russia's invasion of Ukraine, the Japanese government announced Tuesday that it will add two Russian banks and one...