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No-Frills Deposit Account Pursued By BSP Up By 50%
Bangko Sentral ng Pilipinas’ (BSP) data reveals that the number of Basic Deposit Accounts (BDAs) in Q12021 increased by 51 percent to 7.0...

By The Financial District
Nov 8, 20212 min read


Japan Mulls 100,000 Yen Cash Handout To Kids 18 And Younger
Japan's government and ruling parties are considering providing 100,000 yen ($880) each for children aged 18 or younger in an attempt to...

By The Financial District
Nov 6, 20211 min read


Metrobank Earns P16.1 Billion
Metropolitan Bank & Trust Co. (Metrobank) today reported that its net income grew by 46% to P16.1 billion in the first nine months of 2021.

By The Financial District
Nov 5, 20212 min read


Tech-Savvy Phl Economy Pushed
The Bangko Sentral ng Pilipinas (BSP) remains at the forefront of broad initiatives to foster a stronger and more technologically-advanced..

By The Financial District
Nov 4, 20212 min read


Japan SEC Probes Sumitomo-Mitsui Financial Group Over Manipulation
Japan's securities watchdog has launched an investigation into Sumitomo Mitsui Financial Group's brokerage unit over employees' potential...

By The Financial District
Nov 3, 20211 min read


Barclays CEO Quits Over Link To Jeffrey Epstein
The chief executive of British bank Barclays stepped down Monday, Nov. 1, 2021, following a report by United Kingdom regulators into his...

By The Financial District
Nov 2, 20211 min read


BIR Collects P1.867 Billion From Padlocked Firms
The Bureau of Internal Revenue (BIR) padlocked 322 establishments in the first nine months of 2021 for various tax code violations...

By The Financial District
Oct 26, 20211 min read


BDO Unibank Nets P32.4 Billion In 9 Months
BDO Unibank, Inc. (BDO) delivered a net income of P32.4 billion in 9M 2021 compared to P16.6 billion a year ago, on the Bank’s resilient...

By The Financial District
Oct 26, 20212 min read


Bangko Sentral Okays Union Bank Stock Dividend
The Union Bank of the Philippines has announced that Bangko Sentral ng Pilipinas per its has approved the amendments to Article 7 of the...

By The Financial District
Oct 25, 20211 min read


Bank Of England Exec Warns Inflation Could Rise To 5%
Inflation could surge above 5% early next year in the United Kingdom, according to the Bank of England's top economist, as product and...

By The Financial District
Oct 24, 20212 min read


Standard Chartered, DBS Gunning After Citi Asia Retail Units
Standard Chartered Plc and DBS Group Holdings Ltd. are among the lenders planning to bid for Citigroup Inc. consumer banking assets in...

By The Financial District
Oct 23, 20212 min read


Cooperative Banks Pushed
The Bangko Sentral ng Pilipinas (BSP) supports the immediate passage of the proposed Cooperative Banking Act, which aims to streamline...

By The Financial District
Oct 22, 20211 min read


German Bundesbank President Jens Weidmann To Quit By Yearend
The head of Germany's central bank, Jens Weidmann, is stepping down, having asked President Frank-Walter Steinmeier to be released from...

By The Financial District
Oct 22, 20211 min read


Officers Of Closed Synergy Rural Bank Convicted
The Regional Trial Court-Lipa City (RTC-Lipa City) and Municipal Trial Court in Cities-Lipa City (MTCC-Lipa City) convicted former...

By The Financial District
Oct 22, 20211 min read


Bangko Sentral Pushes QR Ph Payments
The Bangko Sentral ng Pilipinas (BSP) is encouraging consumers, payment service providers, and merchants, including micro, small and...

By The Financial District
Oct 22, 20212 min read


China Central Bank Chief Vows To Protect Evergrande Creditors
China will fully respect and protect the legal rights of Evergrande Group's creditors and asset owners in line with repayment priorities...

By The Financial District
Oct 22, 20211 min read


BPI Nets P17.5B
The Bank of the Philippine Islands posted a net income of P17.5 billion for the period January to September 2021, up 1.8%, from the same...

By The Financial District
Oct 21, 20212 min read


Invalidated Tax Credits Now Total P3 Billion
Tax credits granted to several textile companies from 2008 to 2014 that were later invalidated by the Commission on Audit (COA) now total...

By The Financial District
Oct 20, 20212 min read


Sustainable Finance Roadmap Launched
The Inter-Agency Technical Working Group for Sustainable Finance (Green Force) led by the Department of Finance (DOF) and the Bangko...

By The Financial District
Oct 19, 20212 min read


Bank Bookkeeper Convicted For Engineering 10 Fictitious Loans
The Regional Trial Court of Bayawan City (RTC-Bayawan) and the Municipal Trial Court in Cities of Bayawan City (MTCC-Bayawan) convicted...

By The Financial District
Oct 18, 20211 min read


BSP Bares Rise In Cash Agents
BSP Governor Benjamin Diokno expressed optimism on the rise in digital payments solutions to put the country forward to its financial...

By The Financial District
Oct 15, 20211 min read


UK Is Bank Scam Capital Of The World: Reuters
The UK accounts for 80% of bank fraud losses worldwide.

By The Financial District
Oct 15, 20212 min read


U.S. Bank Profits Soar Due To Merger Frenzy, Fewer Bad Loans
Four of the largest US banks said their profits grew by double-digits last quarter, as a healthier economy has allowed banks to have fewer..

By The Financial District
Oct 15, 20212 min read


Bridge Financing No Longer Necessary: BSP
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Thursday the national government does not need another bridge financing...

By The Financial District
Oct 15, 20212 min read
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