By The Financial District
Bank of Commerce Income Rose By 49%
Bank of Commerce, an affiliate of San Miguel Corp., earned a record P1.8 billion in 2022, a 49% increase from P1.2 billion a year earlier...
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By The Financial District
- Apr 11
- 1 min
Credit Suisse Investors Blast Chairman, Board In Last Meet
Credit Suisse shareholders on Tuesday upbraided the Swiss bank’s leaders for years of mismanagement, scandal and obfuscation that sent its..
By The Financial District
- Apr 11
- 1 min
Bangladesh Urges China To Fix Unfair Loan Terms
Bangladesh has joined several countries complaining about the onerous terms of loan agreements under the so-called Belt and Road...
By The Financial District
- Apr 10
- 1 min
New IRS Chief Vows Overhaul Of U.S. Tax Agency
Daniel Werfel, President Joe Biden's nominee to head the Internal Revenue Service, was ceremonially sworn in Tuesday during a tax season...
By The Financial District
- Apr 10
- 1 min
Swiss Billionaire's Cash Funds Liberal, Democratic Causes
The Berger Action Fund is a nondescript name for a group with a rather specific purpose-- steering the wealth of Hansjörg Wyss, a Swiss...
By The Financial District
- Apr 10
- 1 min
4 Bankers Convicted Of Abetting Putin's Money Laundering
Four bankers who worked for Gazprombank were found guilty in Switzerland of failing to exercise due diligence over accounts linked to a...
By The Financial District
- Apr 10
- 1 min
Germany Bans Ernst & Young From Audits After Wirecard Scam
Germany's accounting watchdog on Monday handed the 2016-2018 auditor of Wirecard, named in the company's annual reports as Ernst & Young...
By The Financial District
- Apr 9
- 2 min
Credit Suisse Stockholders To Hold Last Meeting
Once-venerable Credit Suisse is heading into a possible firestorm Tuesday as shareholders meet for what is shaping up to be their last...
By The Financial District
- Apr 9
- 1 min
WB Chief Worried About China Loans To Africa
The president of the World Bank (WB) has told the BBC that he is concerned about some of the loans China has been making to developing...
By The Financial District
- Apr 9
- 1 min
Norwegian Fund Nixes Reelection Of Credit Suisse Directors
Norges Bank Investment Management will vote against the re-election of Credit Suisse Chairman Axel Lehmann and six other directors at the...
By The Financial District
- Apr 9
- 1 min
UBS Cuts 30% Of Jobs After Gobbling Up Credit Suisse
The bank created by the UBS takeover of Credit Suisse is poised to slash its staff anywhere from 20% to 30%.
By The Financial District
- Apr 8
- 1 min
IMF Approves $15.6-B Ukraine Loan
The International Monetary Fund (IMF) said its executive board approved a four-year $15.6 billion loan program for Ukraine, part of a...
By The Financial District
- Apr 8
- 1 min
Social Security Funding Crisis Starts In 2033
Medicare recipients will face automatic benefit cuts starting in 2031 and Social Security won’t be able to make full retirement payments...
By The Financial District
- Apr 7
- 2 min
EastWest Profit Hits ₱4.6 Billion In 2022
EastWest Banking Corp. of the Gotianun group booked a slight increase in net income to P4.6 billion last year from P4.5 billion in 2021 on..
By The Financial District
- Apr 6
- 3 min
GoTyme Aims To Be No. 1 PH Bank
Digital bank GoTyme Bank is aiming to lead the banking industry not just in the digital market space but as a whole.
By The Financial District
- Apr 4
- 1 min
Biden Wants Tighter Regulation Of Banks
President Joe Biden has urged regulators to tighten rules for midsize banks with $100 billion to $250 billion of assets.
By The Financial District
- Apr 4
- 1 min
Norway's Wealth Fund May Invest In Unlisted Equities
Norway's $1.3 trillion wealth fund, one of the world's largest investors, should assess whether to begin investing in unlisted equities.
By The Financial District
- Apr 4
- 1 min
U.S. Economy Nears "Crash Landing": The Telegraph
The US is heading towards a "crash landing" after the "near-death experience in the US banking sector."
By The Financial District
- Apr 4
- 2 min
Gov’t Borrowing ₱160-B Locally In April
The Philippine government plans to borrow P160 billion from the domestic market in April.
By The Financial District
- Apr 3
- 2 min
Sun Life, InLife, PGAI Rank Among Top Insurers
The Insurance Commission reported that Insular Life (InLife), Sun Life of Canada (Philippines), Inc., and Prudential Guarantee and...
By The Financial District
- Apr 3
- 1 min
Ermotti Back At UBS CEO To Hasten Credit Suisse Takeover
UBS has brought back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over..
By The Financial District
- Apr 2
- 1 min
U.S. Senate Panel Slams Credit Suisse For Aiding Tax Evaders
US lawmakers said that Credit Suisse kept allowing wealthy Americans to dodge tax payments, finding after a two-year probe that the...
By The Financial District
- Apr 2
- 1 min
French Agents Raid Paris Banks As Tax Fraud Quiz Widens
French authorities searched the Paris offices of five banks late last week, including Societe Generale, BNP Paribas, and HSBC, on...
By The Financial District
- Apr 2
- 1 min
SVB Execs Cause Bank's Failure: Fed
The nation’s financial regulator is asserting that Silicon Valley Bank’s own management was to blame for the bank’s failure and says the...
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