BANKING & FINANCE 10/63

Barclays Bank Payments In UK Hit By Outage

By The Financial District

Mar 311 min read

Barclays Bank Payments In UK Hit By Outage

Barclays has apologized for issues with payments into and out of the accounts of some of its UK customers after an outage hit the bank.

Over 100K Digital TIN IDs Issued By BIR Through Online Innovation

By Reggie Vizmanos

Mar 282 min read

Over 100K Digital TIN IDs Issued By BIR Through Online Innovation

Up to 102,046 digital Tax Identification Number (TIN) IDs have already been issued by the Bureau of Internal Revenue (BIR) as of March 25...

U.S. DOE To Spend $6 Billion For Cutting Industry Emissions

By The Financial District

Mar 281 min read

U.S. DOE To Spend $6 Billion For Cutting Industry Emissions

The Biden administration has announced a $6 billion funding initiative for projects aimed at slashing emissions from the industrial...

PH Gets PHP92.8-B Japanese Loan For Dalton Pass And Ongoing Subway Project

By Reggie Vizmanos

Mar 272 min read

PH Gets PHP92.8-B Japanese Loan For Dalton Pass And Ongoing Subway Project

The governments of the Philippines and Japan have signed the exchange of notes for the JPY250 billion or around PHP92.8 billion loan for...

UK Worker Convicted Of Laundering Bitcoin Worth £2 Billion

By The Financial District

Mar 261 min read

UK Worker Convicted Of Laundering Bitcoin Worth £2 Billion

A former part-time worker, Jian Wen, has been convicted of money laundering linked to Bitcoin wallets valued at more than £2 billion.

Cargill And ADM Spearhead Global Initiative For Safe Water And Sanitation

By The Financial District

Mar 242 min read

Cargill And ADM Spearhead Global Initiative For Safe Water And Sanitation

In a world where access to clean water remains a luxury for millions, the recent commitments from Cargill and ADM stand as beacons of hope.

IRS Chief Zeroes In On Wealthy Tax Cheats

By The Financial District

Mar 221 min read

IRS Chief Zeroes In On Wealthy Tax Cheats

IRS Commissioner Danny Werfel has a message for high-wealth tax cheats who are incorrectly deducting private jet travel and otherwise...

ADB To Tackle PH Affordable Housing Crisis

By The Financial District

Mar 223 min read

ADB To Tackle PH Affordable Housing Crisis

In the Philippines, where the specter of climate change looms large, the Asian Development Bank (ADB) has taken a significant step toward...

Goldman Sachs Veteran Stephanie Cohen Resigns

By The Financial District

Mar 221 min read

Goldman Sachs Veteran Stephanie Cohen Resigns

Stephanie Cohen, global head of platform solutions at Goldman Sachs, became the latest senior executive to depart the Wall Street giant...

Warning Signs In Commercial Real Estate Market: Bloomberg

By The Financial District

Mar 211 min read

Warning Signs In Commercial Real Estate Market: Bloomberg

concerning developments in the commercial real estate sector, particularly regarding commercial real estate collateralized loan...

GSIS Partners With Maya To Simplify Loan Payments

By The Financial District

Mar 212 min read

GSIS Partners With Maya To Simplify Loan Payments

The Government Service Insurance System (GSIS) has collaborated with Maya (formerly PayMaya) to offer borrowers a more convenient option...

Japan Ends Negative Interest Rate Policy

By The Financial District

Mar 201 min read

Japan Ends Negative Interest Rate Policy

Japan has put an end to its negative interest rate policy, marking a historic departure from an aggressive monetary easing program aimed...

ECB’s €1-T Property Loan Crackdown Starts With Signa Quiz

By The Financial District

Mar 161 min read

ECB’s €1-T Property Loan Crackdown Starts With Signa Quiz

European Central Bank (ECB) staff were concerned.

African Development Bank Raps Opaque Loans Tied To Natural Resources

By The Financial District

Mar 142 min read

African Development Bank Raps Opaque Loans Tied To Natural Resources

The head of the African Development Bank (ADB) is calling for an end to loans given in exchange for the continent’s oil or critical...

BSP: U.S. Dollar Notes With Stamps Still Accepted

By The Financial District

Mar 121 min read

BSP: U.S. Dollar Notes With Stamps Still Accepted

The Bangko Sentral ng Pilipinas (BSP) has refuted rumors suggesting that it issued a directive stating that US dollar notes with stamps...

Sweden Resumes Funding For UN Agency Aiding Palestinians

By The Financial District

Mar 111 min read

Sweden Resumes Funding For UN Agency Aiding Palestinians

Sweden has announced its decision to resume funding for the UN agency aiding Palestinians, joining other top donors like Canada and the EU.

PH Needs $337-B Investments To Achieve Clean Energy Goals By 2040

By Reggie Vizmanos

Mar 82 min read

PH Needs $337-B Investments To Achieve Clean Energy Goals By 2040

According to a study by the Organization for Economic Co-operation and Development (OECD), the Philippines requires investments totaling...

Higher Interest Rates Drag Swiss National Bank To $3.6-Billion Loss

By The Financial District

Mar 51 min read

Higher Interest Rates Drag Swiss National Bank To $3.6-Billion Loss

The Swiss National Bank (SNB) has posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, as a switch to positive...

New York Community Bancorp Struggles A Year After Buying Failed Bank

By The Financial District

Mar 41 min read

New York Community Bancorp Struggles A Year After Buying Failed Bank

A New York bank is under severe pressure nearly one year after absorbing a significant portion of another bank located 30 miles...

By Reggie Vizmanos

Mar 22 min read

PH Seen Going Cashless By 2030

The majority of Filipinos are projected to be using cashless payment by 2030 as consumers continue to become more comfortable using mobile..

Ping An Extends $1.1 Billion Credit Line To Troubled Real Estate Arm

By The Financial District

Feb 292 min read

Ping An Extends $1.1 Billion Credit Line To Troubled Real Estate Arm

In response to China's ongoing property crisis, Ping An Insurance, a prominent Chinese insurance giant, has announced a significant move...

Philanthropic Widow Donates $1 Billion In Berkshire Stocks To Fund NY Medical School Tuition

By The Financial District

Feb 291 min read

Philanthropic Widow Donates $1 Billion In Berkshire Stocks To Fund NY Medical School Tuition

Ruth Gottesman, a 96-year-old widow, has made headlines by generously donating $1 billion worth of Berkshire Hathaway stock to the Albert...

PSBank Achieves Record-High ₱4.53 Billion Net Income In 2023

By Reggie Vizmanos

Feb 272 min read

PSBank Achieves Record-High ₱4.53 Billion Net Income In 2023

PSBank, the thrift banking arm of the Metrobank Group, has announced a record-high net income of Php4.53 billion for the full year 2023.

Government To Provide Extra 100 Billion Yen For Quake Relief In Central Japan

By The Financial District

Feb 261 min read

Government To Provide Extra 100 Billion Yen For Quake Relief In Central Japan

Prime Minister Fumio Kishida has announced that his government will allocate an additional approximately 100 billion yen ($665 million)...

Register for News Alerts

The Financial District® 2023