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GOP Lawmakers Decry Trump’s Axing of Lending Agency Staff
House and Senate Republicans are circulating a letter in support of the Community Development Financial Institutions Fund, which had all of its staff eliminated by the Trump administration.

By The Financial District
Oct 23, 20252 min read


Insurance in Action: Why Protection Means Progress
Earlier this month, insurance professionals stood side by side beneath the Philippine flag as it rose against Manila’s city skyline.

By Gerry Urbina
Oct 21, 20253 min read


DT Marks Delfi LLC Profits from Trump’s Businesses
A holding company named DT Marks Delfi LLC has taken in more money than almost any other entity in President Donald Trump’s network of businesses.

By The Financial District
Oct 20, 20251 min read


PAGCOR, PCSO Join Hands to Distribute ₱141-M Worth of PTVs Nationwide
The Philippine Amusement and Gaming Corporation (PAGCOR) has strengthened its support for the government’s healthcare initiatives with a ₱141 million donation of Patient Transport Vehicles (PTVs) to the Philippine Charity Sweepstakes Office (PCSO).

By The Financial District
Oct 17, 20252 min read


UnionBank Earns Recognition for Championing Inclusion
At the recent Investors in People (IiP) Philippines Awards 2025, UnionBank earned the Runner-Up spot in the Diversity & Inclusion category.

By The Financial District
Oct 16, 20252 min read


SoftBank Group to Acquire Swiss Firm’s Robotics Division for $5.38 Billion
SoftBank Group Corp. said it will acquire the robotics business of Swiss industrial automation company ABB Ltd. for $5.38 billion by 2026, as part of its push to expand in robotics and artificial intelligence (AI).

By The Financial District
Oct 16, 20251 min read


Wells Fargo Recovers, Thanks to Charlie Scharf’s Persistence
The document to rescue Wells Fargo, Charlie Scharf recalls, was 3,162 pages long. It included 6,000 tasks and involved 28,000 people.

By The Financial District
Oct 16, 20252 min read


IRS Furloughs Half Its Staff, Freezes Tax Services
As the government shutdown stretches, the Internal Revenue Service has furloughed nearly half of its workforce, following the expiration of a contingency plan that relied on leftover Biden administration funding to pay workers.

By The Financial District
Oct 15, 20251 min read


Banks Face New Quiz Over $1.7 Trillion in Loans to Bankrupt Firms Linked to Automakers
The near-simultaneous collapse of two companies tied to the U.S. auto industry is shedding new light on a fast-growing part of the financial markets little known outside Wall Street.

By The Financial District
Oct 14, 20252 min read


Chinese Woman Pleads Guilty in "World’s Largest" Crypto Scam
A 47-year-old Chinese national has pleaded guilty in Britain to a multi-billion-dollar Bitcoin fraud, in what police say is possibly the “world’s largest” cryptocurrency seizure, worth more than $7.3 billion.

By The Financial District
Oct 4, 20251 min read


SC Lets Trump Freeze $5-B in Foreign Aid
The Supreme Court on Friday extended an order allowing President Donald Trump’s administration to keep nearly $5 billion in foreign aid frozen, marking another victory in a dispute over presidential power.

By The Financial District
Oct 3, 20251 min read


PNB and PANELCO III Forge Partnership for Employee Retirement Program
Philippine National Bank (PSE: PNB), through its Trust Banking Group, and the Pangasinan III Electric Cooperative (PANELCO III) have formalized a partnership to establish a retirement program for PANELCO III’s 346 employees.

By The Financial District
Oct 2, 20252 min read


Fight vs. Illegal Gambling Gets Boost With ₱50-M PAGCOR Grant to NBI
The Philippine Amusement and Gaming Corporation (PAGCOR) on Monday committed ₱50 million in financial assistance to the National Bureau of Investigation (NBI) to strengthen its campaign against illegal gaming.

By The Financial District
Sep 29, 20251 min read


Funds Pulling Out of U.S. Assets Due to Trump, Mercer Warns
Donald Trump’s efforts to reshape global trade and pressure the Federal Reserve into cutting interest rates are driving investors to scale back U.S. exposure.

By The Financial District
Sep 23, 20251 min read


Millions Face Huge Health Insurance Costs Unless Congress Extends Subsidies
There is bipartisan support in Congress for extending tax credits that have made health insurance more affordable for millions since the COVID-19 pandemic.

By The Financial District
Sep 17, 20251 min read


SEC to Notify Businesses of Technical Violations Before Taking Action
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins vowed to give businesses notice of technical violations before “bashing down their door,” signaling a shift away from aggressive enforcement actions.

By The Financial District
Sep 17, 20251 min read


Wharton Professor Issues Gruesome Warning on Bitcoin as Dollar Rival
Jeremy Siegel, professor at the Wharton School and chief economist at investment firm WisdomTree, told CNBC that Bitcoin could become a serious competitor to the US dollar as the world’s reserve currency.

By The Financial District
Sep 15, 20251 min read


BlackRock Loses $17 Billion Dutch Pension Fund PFZW
BlackRock Inc. (BLK) has lost a mandate worth €14.5 billion ($17 billion) with one of the largest pension funds in the Netherlands, amid concerns the world’s biggest money manager isn’t acting in clients’ best interests on climate risk.

By The Financial District
Sep 10, 20251 min read


PNB Undertakes Sustainability at its Core
In today’s financial landscape, the true bottom line has three columns: profit, people, and planet.

By The Financial District
Sep 8, 20252 min read


Trump Asks Supreme Court to Uphold Freeze on Billions in USAID Payments
Lawyers for the Trump administration filed an emergency appeal to the Supreme Court, asking the justices to halt a lower court injunction and allow the government to freeze billions in foreign aid spending previously allocated by Congress.

By The Financial District
Sep 4, 20251 min read


Aussie Watchdog Orders Binance Unit to Conduct Audit Over Money Laundering
Australia’s financial crime watchdog has ordered Binance’s local unit to appoint an external auditor after identifying shortcomings in its anti-money laundering and counter-terrorism financing controls.

By The Financial District
Aug 27, 20251 min read


ADB, GSA Sign $26.8-M Loan to Build Thailand’s First Green Data Center
From cloud to AI, data centers power growth. But they must be green.
ADB & GSA’s $26.8M partnership sets the tone for ASEAN’s digital future.

By The Financial District
Aug 27, 20252 min read


Standard Chartered Shares Fall 9% After U.S. Lawmaker Calls for Probe
Standard Chartered shares fell nearly 9% on Friday after US Republican lawmaker Elise Stefanik asked Attorney General Pam Bondi to launch a probe into the bank over alleged sanctions evasion.

By The Financial District
Aug 26, 20251 min read


SoftBank Strengthens Role in AI Race
SoftBank and Intel confirmed Monday that Masayoshi Son’s conglomerate will invest $2 billion in Intel stock, making SoftBank the chipmaker’s sixth-largest shareholder.

By The Financial District
Aug 25, 20251 min read
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