BANKING & FINANCE 44/48

By The Financial District

Jul 21, 2020
1 min

JAPAN STUDIES DIGITAL CURRENCY

The Bank of Japan will start full-fledged research on central bank digital currencies, or CBDCs, in preparation for a possible need to issue

CHINA REGULATOR WANTS BROKERAGES, MUTUAL FUNDS TO MERGE

By The Financial District

Jul 18, 2020
1 min

CHINA REGULATOR WANTS BROKERAGES, MUTUAL FUNDS TO MERGE

China’s top securities regulator is encouraging mergers and acquisitions among brokerages and mutual fund houses, the state-run China Securi

BIG BANKS SHOW CHASM BETWEEN MAIN STREET AND WALL STREET

By The Financial District

Jul 18, 2020
2 min

BIG BANKS SHOW CHASM BETWEEN MAIN STREET AND WALL STREET

The stark divide between Main Street and Wall Street is on display in the shifting fortunes of America's big banks. Goldman Sachs and Morgan

BANK OF AMERICA SEES RECESSIONARY IMPACTS ‘DEEP INTO 2022’

By The Financial District

Jul 17, 2020
1 min

BANK OF AMERICA SEES RECESSIONARY IMPACTS ‘DEEP INTO 2022’

Bank of America’s second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentiall

By The Financial District

Jul 17, 2020
2 min

BSP: 5 MILLION BANK ACCOUNTS ADDED

Five million more Filipinos have opened bank accounts in 2019, according to the Bangko Sentral ng Pilipinas.

RCBC CONCLUDES OVERSUBSCRIBED FIXED RATE BOND OFFERING

By The Financial District

Jul 17, 2020
1 min

RCBC CONCLUDES OVERSUBSCRIBED FIXED RATE BOND OFFERING

Yuchengco-led Rizal Commercial Banking Corporation (RCBC) closed its two-year Peso fixed rate bond offering (the “Bonds”) on 15 July 2020, a

By The Financial District

Jul 16, 2020
2 min

TOXIC ASSETS OF BANKS TO GO UP

The toxic assets of banks in the country is expected to quadruple from just 5 percent to 20 percent.

By The Financial District

Jul 16, 2020
2 min

COINS IN SHORT SUPPLY

Retailers around the country are asking that if you have any leftover coins lying around the house to use them. The reason? A coin shortage.

WELLS FARGO LOSES $2.4-B IN LAST QUARTER

By The Financial District

Jul 15, 2020
1 min

WELLS FARGO LOSES $2.4-B IN LAST QUARTER

Wells Fargo swung to its first quarterly loss since the Great Recession, forcing the struggling bank to warn it will likely slash its covete

Jul 11, 2020
1 min

MICRO FIRMS GET P22-M LOANS

The Small Business (SB) Corp. has granted a total of PHP22 million to 286 micro and small enterprises (MSEs) under the Covid-19 Assistance t

Jul 10, 2020
1 min

ANTI-MONEY LAUNDERING ASSESSMENT UP

The Bangko Sentral ng Pilipinas (BSP) will conduct the 3rd anti-money laundering/combating the financing of terrorism (AML/CFT) sectoral ris

Jul 10, 2020
2 min

ADB, WHO PARTNER ON COVID-19 RESPONSE

The Asian Development Bank (ADB) has partnered with the World Health Organization (WHO) in helping contain the Covid-19 pandemic via expandi

Jul 10, 2020
2 min

BSP REDISCOUNT RATE SET AT ZERO

The Monetary Board, policy making body of the Bangko Sentral ng Pilipinas ,has extended its zero rate interest for peso rediscounting loans

Jul 10, 2020
1 min

FEDERAL RESERVE UNVEILS NEW BANKRUPTCY PLAN

The Federal Deposit Insurance Corporation and the Federal Reserve Board today provided information to the eight largest and most complex dom

Jul 10, 2020
1 min

4 RURAL BANKS MERGE

BSP deputy governor Chuchi Fonacier bared that the Rural Bank of General Trias, Inc., Rural Bank of Maragondon, Inc., Bangko Noveleta Inc.,

Jul 10, 2020
2 min

WORLD BANK RESPONSE: $160-B FUNDING HELP

When COVID-19 emerged as a global threat, the World Bank Group responded with the largest and fastest crisis response in its history.

Jul 10, 2020
1 min

EBRD SCALES UP ENVIRONMENTAL FINANCE

The European Bank for Reconstruction and Development (EBRD) has unveiled an ambitious plan to scale up even further its climate and environm

Jul 8, 2020
1 min

100 INVESTORS WANT TO BUY WIRECARD, ADMINISTRATOR CLAIMS

Wirecard’s administrator said on Tuesday that more than 100 investors have expressed interest in buying the collapsed German payments firm’s

Jul 6, 2020
1 min

CIMB ACCUSES HONTOP ENERGY OF SUSPICIOUS DEALS WITH BP

Singapore’s High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy just as Malaysian lender

Jul 5, 2020
1 min

WIRECARD EX-COO’S ENTRY INTO THE PHILIPPINES FALSIFIED

Immigration records showing Wirecard’s former chief operating officer Jan Marsalek arrived in the Philippines on June 23 and departed for Ch

Jul 5, 2020
1 min

CANADA’S BIGGEST BANKS JOIN FACEBOOK BOYCOTT

Canada’s biggest lenders confirmed on Friday (Saturday, July 4, 2020 in Manila) they had joined a widespread boycott of Facebook Inc. begun

Jul 4, 2020
2 min

BSP DELAYS STRICTER BANK GUIDELINES

With the impact of Covid 19, the Bangko Sentral ng Pilipinas (BSP) has deferred the implementation of a stricter examination of banks‘ compl

Jul 4, 2020
1 min

BDO SUCCESSFULLY ISSUES P36B IN FIXED RATE BONDS

BDO Unibank today successfully issued P36.0 billion in fixed rate bonds, or more than seven (7) times the original offer of P5.0 billion, o

Jul 3, 2020
1 min

UK JUDGE: MADURO HAS NO RIGHT TO VENEZUELA GOLD IN BANK OF ENGLAND

A British judge on Thursday refused to give Venezuela’s Nicolás Maduro control of over $1 billion in gold sitting in a Bank of England vault

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