BANKING & FINANCE 3/63

By The Financial District

Oct 61 min read

Bank Lending Rises

Data from the Bangko Sentral ng Pilipinas show that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase..

U.S. Tax Dollars Funding $64 Billion Medicare Advantage Scam: Hartmann

By The Financial District

Oct 22 min read

U.S. Tax Dollars Funding $64 Billion Medicare Advantage Scam: Hartmann

George W. Bush and his GOP allies created Medicare Advantage in 2003 as part of their effort to privatize Social Security and Medicare...

Citi Joins Apollo For $25-Billion Private Credit Program

By The Financial District

Oct 11 min read

Citi Joins Apollo For $25-Billion Private Credit Program

Citigroup and Apollo Global have partnered for a $25 billion private credit and direct lending program, illustrating a growing alliance...

PNB Announces Property Dividend Distribution

By The Financial District

Oct 12 min read

PNB Announces Property Dividend Distribution

The board of directors of the Philippine National Bank (PNB) has announced the approval and confirmation of its property dividend...

BSP, BAP Enhance Benchmark To Advance Capital Market Development

By The Financial District

Sep 302 min read

BSP, BAP Enhance Benchmark To Advance Capital Market Development

Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) are advancing their capital market development...

SBI Holdings Invests In UBX For PH Digital Growth

By The Financial District

Sep 302 min read

SBI Holdings Invests In UBX For PH Digital Growth

SBI Holdings Inc., a Tokyo-based financial services conglomerate, has recently acquired a minority stake in UBX, the fintech arm of...

Hacker Uses Telegram Chatbots To Leak Data Of Indian Insurer Star Health

By The Financial District

Sep 301 min read

Hacker Uses Telegram Chatbots To Leak Data Of Indian Insurer Star Health

Stolen customer data, including medical reports from India's largest health insurer, Star Health, is publicly accessible via chatbots on...

DOJ Sues Visa, Alleges It Monopolizes Debit Card Markets

By The Financial District

Sep 301 min read

DOJ Sues Visa, Alleges It Monopolizes Debit Card Markets

The U.S. Department of Justice has filed an antitrust lawsuit against Visa, alleging that the financial services giant leverages its size...

By The Financial District

Sep 231 min read

Bangko Sentral Reduces Reserve Rates

The Bangko Sentral ng Pilipinas (BSP) will cut the reserve requirement ratios (RRR) for the banking system next month in a bid to lower...

Citi Tasks Ex-PwC Exec With Overseeing Data Quality Improvement Team

By The Financial District

Sep 191 min read

Citi Tasks Ex-PwC Exec With Overseeing Data Quality Improvement Team

Citigroup has added a new executive to help oversee improvements to its data quality management processes, which regulators have deemed...

Divergent Views Between SMEs And Banks Reveal Opportunities For Innovation

By The Financial District

Sep 182 min read

Divergent Views Between SMEs And Banks Reveal Opportunities For Innovation

A recent study by IBM's Institute for Business Value and the Banking Industry Architecture Network (BIAN), in collaboration with the SME...

Philippine Bond Market Continues To Grow

By The Financial District

Sep 171 min read

Philippine Bond Market Continues To Grow

The Philippines issued a total of PHP12.5 trillion (US$213.8 billion) in bonds during the second quarter of 2024.

By The Financial District

Sep 171 min read

July Remittances Hit $3.43 Billion

Personal remittances from Overseas Filipinos (OFs) rose by 3.2% to US$3.43 billion in July 2024, compared to US$3.32 billion in July 2023.

Fed Exec Broke Ethics Rules But Didn’t Flout Insider Trading Laws

By The Financial District

Sep 161 min read

Fed Exec Broke Ethics Rules But Didn’t Flout Insider Trading Laws

A government investigation into Atlanta Federal Reserve President Raphael Bostic’s financial trades and investments found he violated...

Ex-Lebanese Central Bank Governor Charged With Embezzling $42 Million

By The Financial District

Sep 161 min read

Ex-Lebanese Central Bank Governor Charged With Embezzling $42 Million

Lebanon charged its embattled former central bank governor on Wednesday with the embezzlement of $42 million.

ADB’s New Partnership Strategy With The Philippines Unveiled

By The Financial District

Sep 163 min read

ADB’s New Partnership Strategy With The Philippines Unveiled

Finance Secretary and Asian Development Bank (ADB) Governor for the Philippines, Ralph G. Recto, welcomed the launch of ADB’s new country...

Leadership Changes Announced For Sun Life Canada

By The Financial District

Sep 131 min read

Leadership Changes Announced For Sun Life Canada

Sun Life, a global financial services firm active in the Philippines, has announced leadership changes for its Sun Life Canada operations.

Americans Lost $5.6-B Last Year In Crypto Fraud Scams

By The Financial District

Sep 121 min read

Americans Lost $5.6-B Last Year In Crypto Fraud Scams

Americans were duped out of more than $5.6 billion last year through fraud schemes involving crypto...

Conflicting Federal Policies May Cost Residents More On Flood Insurance

By The Financial District

Sep 111 min read

Conflicting Federal Policies May Cost Residents More On Flood Insurance

Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or leave them unaware...

Bangko Sentral Clarifies National ID Problem

By The Financial District

Sep 101 min read

Bangko Sentral Clarifies National ID Problem

The Bangko Sentral ng Pilipinas (BSP) has clarified its issues regarding the National ID.

Silicon Valley Bank's Chinese Partner Buys Out Stake In Joint Venture

By The Financial District

Sep 81 min read

Silicon Valley Bank's Chinese Partner Buys Out Stake In Joint Venture

Silicon Valley Bank's Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to...

Temenos Awards: Innovation In ASEAN Banking

By The Financial District

Sep 82 min read

Temenos Awards: Innovation In ASEAN Banking

The Temenos Regional Forum 2024: ASEAN, held in Jakarta, Indonesia, on August 27-28, brought together over 200 banking professionals to...

ADB Pushes For Inclusive Water Rights Path

By The Financial District

Sep 72 min read

ADB Pushes For Inclusive Water Rights Path

The Asian Development Bank (ADB) and Human Right 2 Water (HR2W) have joined forces to push for a more inclusive and sustainable approach...

ADB Unveils Ambitious Roadmap To Tackle Asia-Pacific Challenges

By The Financial District

Sep 72 min read

ADB Unveils Ambitious Roadmap To Tackle Asia-Pacific Challenges

The Asian Development Bank (ADB) has launched a bold new roadmap aimed at transforming its operations to address key challenges in Asia...

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