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BPI Caps 2025 With ₱66.62 Billion Net Income, Up 7.4%
Bank of the Philippine Islands (BPI) delivered a solid full-year performance in 2025, posting a net income of ₱66.62 billion, up 7.4% from the previous year.

By The Financial District
2 days ago2 min read


BPI Prices BPI SIGLA Bonds, Begins Public Offer Period
The Bank of the Philippine Islands (BPI) has priced its ₱5 billion peso-denominated fixed-rate BPI Supporting Individuals Grow, Lead, and Achieve Bonds due 2028 (the “BPI SIGLA Bonds”), with an option to upsize.

By The Financial District
6 days ago1 min read


Citigroup to Lay Off More Employees in March: Reuters
Citigroup is expected to lay off more employees in March following a round of about 1,000 job cuts this month.

By The Financial District
Jan 291 min read


Japan Insurance Firm Prexy Apologizes Over $19.5-Million Scam
The president of Prudential Life Insurance Co. apologized on Friday after around 100 of its employees and former employees were found to have improperly borrowed from or defrauded clients of some 3.1 billion yen ($19.5 million).

By The Financial District
Jan 281 min read


Goldman Sachs CEO David Solomon’s 2025 Compensation Rises Over 20%
Goldman Sachs said that CEO David Solomon’s total annual compensation rose 20.5% to $47 million for 2025 after a strong year for the bank.

By The Financial District
Jan 281 min read


Big Banks, Cronies Profited in Trump’s First Year
The first year of Donald Trump’s second term as US president has been a highly profitable one for the Trump family and its inner circle.

By The Financial District
Jan 261 min read


BofA Chief Warns Stablecoins Could Push Trillions Out of U.S. Banks
Brian Moynihan, CEO of Bank of America, issued a stark warning about stablecoins during a recent earnings call, telling analysts that as much as $6 trillion in deposits could migrate from the U.S. banking system into stablecoins.

By The Financial District
Jan 211 min read


Trump to Sue JPMorgan for Allegedly "Debanking" Him
President Donald Trump has announced that he will be suing the investment banking company JPMorgan Chase within “the next two weeks” for allegedly “debanking” him after the Jan. 6, 2021, Capitol insurrection.

By The Financial District
Jan 201 min read


Banks Swell Resistance to Trump’s Credit Card Rate Cap
Resistance to President Trump’s demand to cap credit card interest rates at 10% is growing.

By The Financial District
Jan 161 min read


Judge Nixes Trump Bid to Purge DEI Terms From Head Start Applications
A federal judge has temporarily blocked the Trump administration’s efforts to remake Head Start.

By The Financial District
Jan 151 min read


Judge Stops Trump from Blocking Child Care Money for Five States
A federal judge has ruled that President Donald Trump’s administration cannot block federal funding for child care subsidies and other programs supporting low-income families with children from flowing to five Democratic-led states.

By The Financial District
Jan 141 min read


U.S. Has “Legal Obligation” to Fund UN Agencies Despite Trump Withdrawal
The United States has a “legal obligation” to continue paying its dues to United Nations agencies despite President Donald Trump’s decision to withdraw support from dozens of initiatives.

By The Financial District
Jan 141 min read


Health Subsidies Expire; Millions of Americans Face Higher Premiums
Enhanced tax credits that helped reduce the cost of health insurance for the vast majority of Affordable Care Act enrollees expired overnight, cementing higher health-care costs for millions of Americans at the start of the new year.

By The Financial District
Jan 82 min read


As U.S. Debt Soars to $38 Trillion, Hedge Funds Jump Into the Bond Market
The composition of US debt holders has shifted significantly over the past decade, with ownership moving away from foreign governments and toward profit-driven private investors.

By The Financial District
Jan 61 min read


Bulgaria Becomes the 21st Country to Join the Euro
On New Year’s Day, Bulgaria became the 21st country to join the euro currency union, further deepening its integration into the European Union.

By The Financial District
Jan 51 min read


Morgan Stanley Seen as Front-Runner for SpaceX IPO
Morgan Stanley is emerging as a leading contender for a key role in SpaceX’s blockbuster initial public offering, as the bank’s close ties to CEO Elon Musk give it an edge in the decision.

By The Financial District
Jan 11 min read


PNB Digital Dubbed Best in the Country
Listed Philippine National Bank’s mobile banking app, PNB Digital, was recognized internationally after winning Best Mobile Banking Experience in the Philippines at the International Business Magazine Awards 2025.

By The Financial District
Dec 30, 20251 min read


California Drops Lawsuit Seeking to Reinstate Funding for State’s Bullet Train
California this week dropped a lawsuit against the Trump administration over the federal government’s withdrawal of $4 billion in funding for the state’s long-delayed high-speed rail project.

By The Financial District
Dec 29, 20251 min read


SoftBank Races to Fulfill $22.5-B Commitment to OpenAI
SoftBank Group is racing to close a $22.5 billion funding commitment to OpenAI by year’s end through an array of cash-raising measures.

By The Financial District
Dec 28, 20252 min read


Capital One Tops List of Best US Banks for Sixth Consecutive Year
There are more than 4,000 commercial banks in the United States, and with online banking, customers now have access to more financial products and services than ever before.

By The Financial District
Dec 27, 20251 min read


Chubb–AIG Combination Doesn’t Guarantee Better Earnings
Some investors are weighing the possibility of a combination between insurers Chubb and American International Group.

By The Financial District
Dec 23, 20252 min read


Insurance Will Spike for the Poor, Who Will Subsidize Tax Cuts for Billionaires
Top health care executive John Driscoll calls the looming expiration of enhanced Affordable Care Act (ACA) subsidies “a tragedy in the making.”

By The Financial District
Dec 23, 20252 min read


Number of U.S. Workers Receiving Bonuses Is Declining
Many employees are thinking about raises and bonuses this time of year, but they may be disappointed.

By The Financial District
Dec 23, 20251 min read


Top 100 U.S. Charities Still See 4.4% Hike in Donations
There’s no denying it has been a difficult period for some of the nation’s top charities.

By The Financial District
Dec 22, 20252 min read
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