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RCBC Posts ₱8.2B Income, Up 32%
Rizal Commercial Banking Corporation (RCBC) reported an unaudited consolidated net income of ₱8.2 billion for the first nine months of 2025, a 32 percent increase from the same period last year.

By The Financial District
Oct 29, 20252 min read


JPMorgan to Allow Bitcoin and Ether as Collateral
JPMorgan Chase & Co. plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year — a significant deepening of Wall Street’s integration of digital assets.

By The Financial District
Oct 28, 20251 min read


Lloyds Reports Profit Down 36%
Lloyds Banking Group said its third-quarter profit fell 36% and that it downgraded its performance guidance for the year, hurt by a previously announced £800 million charge to compensate customers affected by the motor-finance mis-selling scandal.

By The Financial District
Oct 28, 20252 min read


JPMorgan Chase Unveils New 60-Story New York HQ
JPMorgan Chase has unveiled its new 60-story headquarters to the public — one of the first major office buildings to be constructed after the COVID-19 pandemic and one that will reshape the New York City skyline for decades.

By The Financial District
Oct 28, 20251 min read


BOE Chief Says U.S. Firm Collapses Ring "Alarm Bells"
The collapse of two U.S. companies could be a sign of wider problems in the financial system, and “alarm bells” are ringing.

By The Financial District
Oct 27, 20251 min read


PNB 9-Month Income Grows 23%
Philippine National Bank (PSE: PNB) reported a consolidated net income of ₱18.5 billion for the first nine months of 2025, higher by 23% compared with the same period last year.

By The Financial District
Oct 27, 20252 min read


Goldman Buys Industry Ventures for $965 Million
Goldman Sachs Group Inc. agreed to buy venture capital investor Industry Ventures in a deal that expands the Wall Street bank’s reach into the American startup ecosystem.

By The Financial District
Oct 26, 20251 min read


Citi: The World Is Changing Fast
Every year, global executives look for signals of where business, capital, and technology are headed next.

By The Financial District
Oct 24, 20252 min read


PAGCOR Donates ‘Lifeline-on-Wheels’ to 12 LGUs
Twelve local government units (LGUs) across the country received a timely boost in emergency health services after receiving brand-new Patient Transport Vehicles (PTVs) from the Philippine Amusement and Gaming Corporation (PAGCOR).

By The Financial District
Oct 23, 20252 min read


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
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