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By The Financial District
Aug 6, 20201 min read
WB SETS FUNDING FOR BEIRUT BLAST RECOVERY
The World Bank Group said on Wednesday it stands ready to assess Lebanon’s damage and needs after a devastating Beirut port explosion and wi
By The Financial District
Aug 4, 20201 min read
HOCKEY LEAGUE STARTS
The National Hockey League resumed its season over the weekend and so far, so good.
By The Financial District
Jul 31, 20201 min read
ADB LENDS $1.5B TO INDONESIA FOR COVID-19 FIGHT
The Asian Development Bank (ADB) has approved a US$1.5-billion budget support for Indonesia to help the nation deal with the impact of the c
By The Financial District
Jul 30, 20201 min read
ENHANCED BANK NOTES OUT
The Bangko Sentral ng Pilipinas (BSP) has launched enhanced Philippine banknotes that are more responsive to the needs of the elderly and th
By The Financial District
Jul 29, 20201 min read
DUTERTE APPOINTS TWO MB MEMBERS
President Rodrigo R. Duterte has named V. Bruce J. Tolentino and Anita Linda R. Aquino as full-time private sector representatives to the se
By The Financial District
Jul 28, 20201 min read
GOLDMAN SACHS' TOUGH REVIEW OPENS DOOR FOR MORE JOB CUTS
US investment bank Goldman Sachs Group Inc. is adopting a performance review system that will grade up to 10% of its 39,000 employees as und
By The Financial District
Jul 27, 20201 min read
NOVO NORDISK INVESTMENT PAPERS LOST
The Bangko Sentral ng Pilipinas (BSP) today warned all authorized agent banks and their subsidiary forex corporations not to honor documents
By The Financial District
Jul 25, 20201 min read
MALAYSIA WELCOMES GOLDMAN SACHS $3.9-B SETTLEMENT ON 1MDB SCAM
The Malaysian government has welcomed the RM 16.6-billion ($3.9-billion) settlement with Goldman Sachs over the assets of 1Malaysia Developm
By The Financial District
Jul 25, 20201 min read
EUROPEAN BANK HELPS MOROCCAN ECONOMY
The European Bank for Reconstruction and Development (EBRD) is responding to the impact of the coronavirus pandemic on the Moroccan economy
By The Financial District
Jul 24, 20201 min read
SECURITY BANK RAISES PHP13.5BN FROM BOND ISSUE
Security Bank (PSE: SECB) today disclosed to the Philippine Stock Exchange that it was able to raise P13.5 billion from its fixed rate bonds
By The Financial District
Jul 23, 20202 min read
EURO BANKS INVESTMENTS UP TO FIGHT COVID-19
Investments by the European Bank for Reconstruction and Development (EBRD) leapt to a record high in the first half of 2020 as the bank resp
By The Financial District
Jul 21, 20201 min read
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
By The Financial District
Jul 18, 20201 min read
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
By The Financial District
Jul 18, 20202 min read
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
By The Financial District
Jul 17, 20201 min read
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, 20202 min read
BSP: 5 MILLION BANK ACCOUNTS ADDED
Five million more Filipinos have opened bank accounts in 2019, according to the Bangko Sentral ng Pilipinas.
By The Financial District
Jul 17, 20201 min read
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, 20202 min read
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, 20202 min read
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.
By The Financial District
Jul 15, 20201 min read
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
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Jul 11, 20201 min read
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
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Jul 10, 20201 min read
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
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Jul 10, 20202 min read
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
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Jul 10, 20202 min read
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
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