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Banks Are Sitting On $500-B In Unrealized Losses; Stagflation Could Trigger Crisis
Banks got caught “chasing yield” and took major losses when the Federal Reserve dramatically hiked interest rates to combat inflation.

By The Financial District
2 days ago2 min read


Nissan Slashes 11,000 More Jobs As Turnaround Struggles Deepen
Nissan will cut an additional 11,000 jobs and scale back production following a year of wiped-out profits.

By The Financial District
3 days ago1 min read


Jamie Dimon's Time As JPMorgan CEO Is Winding Down
JPMorgan Chase CEO Jamie Dimon's tenure is drawing to a close, just as his stature on Wall Street and in Washington, D.C., may be at an all-time high.

By The Financial District
3 days ago1 min read


Citi Sells Private Market Funds Unit to Fintech iCapital
Citigroup is selling a unit that houses roughly 180 private-credit, private-equity, infrastructure, and other alternative-asset funds to fintech giant iCapital.

By The Financial District
3 days ago1 min read


Bill Gates Blames Musk-Led Foreign Aid Cuts for Preventable Child Deaths
Bill Gates is holding Elon Musk personally responsible for the deaths of thousands of children in poor countries following sweeping U.S. foreign aid cuts overseen by Musk’s Department of Government Efficiency (DOGE).

By The Financial District
5 days ago1 min read


Celsius Network Founder Sentenced To 12 Years For Crypto Fraud
Alexander Mashinsky, founder and former CEO of cryptocurrency lender Celsius Network, has been sentenced to 12 years in prison for defrauding customers out of millions.

By The Financial District
May 131 min read


Tonik’s Trailblazing Rise: How A Philippine Neobank Is Redefining Digital Banking
Tonik, the Philippines' pioneering neobank, is rapidly rewriting the rulebook for digital banking in Southeast Asia.

By The Financial District
May 92 min read


Metrobank Posts PHP12.3-B Q1 Income
Metropolitan Bank & Trust Co. (Metrobank) reported a net income of PHP12.3 billion for the first quarter of 2025, driven by robust loan growth, strong fee and trading income, and a moderate increase in operating costs.

By The Financial District
May 22 min read


Belgian Insurer Ageas Acquires UK’s Esure From Bain Capital For €1.5-B
Belgium’s Ageas has agreed to acquire UK insurer Esure from private equity firm Bain Capital for around £1.3 billion (€1.5 billion).

By The Financial District
Apr 281 min read


Goldman Sachs Earns $4.19-B In Q1
Goldman Sachs' stock traders posted their highest quarterly revenue on record, driven by market volatility stemming from the global trade war.

By The Financial District
Apr 251 min read


Private Credit Market Starts to Show Cracks
Cracks are beginning to appear in the $1.5 trillion private credit market, where major players like Ares Management, Apollo Global Management, Blue Owl Capital, Blackstone, and KKR have long dominated.

By The Financial District
Apr 242 min read


U.S. Venture Capital Flows Back to The Coasts
For a moment during the pandemic, it looked as if Silicon Valley might lose its dominance in startup investment.

By The Financial District
Apr 221 min read


Citigroup Results Top Estimates on Gains in Fixed Income and Equities Trading
Citigroup has reported first-quarter earnings that exceeded analysts’ expectations, driven by strong performance in fixed income and equities trading.

By The Financial District
Apr 221 min read


Bank of America Tops Analysts’ Estimates On Higher Interest Income, Trading
Bank of America (BofA) has reported first-quarter results that surpassed analysts’ expectations for both profit and revenue, thanks to stronger-than-expected net interest income and trading gains.

By The Financial District
Apr 211 min read


Big Banks Maintain "The Sky Is Not Falling" Amid Trump Tariff War
Big banks are offering a cautiously optimistic view of how their customers are faring amid President Trump’s escalating tariff war — and so far, the message is that things aren’t as bad as feared.

By The Financial District
Apr 201 min read


Thousands Of Immigrants' Social Security Numbers Marked as Dead
The Social Security Administration (SSA) has mistakenly classified thousands of immigrants as deceased, effectively preventing them from collecting benefits or working legally in the U.S.

By The Financial District
Apr 161 min read


DOF Pushes Sustainable Finance
The Department of Finance (DOF) is strengthening the role of the Inter-Agency Technical Working Group on Sustainable Finance (ITSF) as it unveils its strategic plans and priorities for 2025.

By The Financial District
Apr 152 min read


Banks Raise Fears About Britain’s New Private Share Trading Platform
Efforts to revive the equity capital markets in the UK are facing early headwinds, as banks express concerns over the upcoming Private Intermittent Securities and Capital Exchange System (PISCES).

By The Financial District
Apr 152 min read


Indonesia’s Central Bank To "Act Boldly" To Maintain Rupiah Stability
Bank Indonesia (BI) will “act boldly” to stabilize the rupiah by intervening in the spot market, domestic non-deliverable forwards, and the bond market after the currency hit a record low against the U.S. dollar.

By The Financial District
Apr 142 min read


Canada And Forest Foundation Philippines OK PHP25M Grant for Climate Adaptation Projects
The Forest Foundation Philippines, with support from the Government of Canada, has awarded over PHP25 million in grants for nature-based solutions (NbS) aimed at climate adaptation in Negros Occidental, Maguindanao del Sur, and Palawan.

By The Financial District
Apr 142 min read


Mobile Money Surpasses 2 Billion Accounts Globally—Philippines Rides The Digital Wave
A new report from the GSMA Mobile Money Programme, funded by the Gates Foundation, reveals a global milestone: mobile money has now surpassed two billion registered accounts and over half a billion monthly active users.

By The Financial District
Apr 113 min read


White House Ends Dozens of Research Grants at Princeton University
The Trump administration has halted dozens of research grants at Princeton University, marking the latest escalation in its pressure...

By The Financial District
Apr 102 min read


World Bank OKs $800-M Loan for PH Energy Transition, Resilience
The World Bank has approved an $800 million loan to support the Philippine government’s efforts to scale up the adoption of clean energy...

By The Financial District
Apr 72 min read


Central Banks of PH and Hong Kong Bolster Cooperation
The Bangko Sentral ng Pilipinas (BSP) and the Hong Kong Monetary Authority (HKMA) have held a High-Level Bilateral Meeting to exchange...

By The Financial District
Apr 71 min read
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