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The Financial District
Jul 10, 20201 min read
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
The Financial District
Jul 10, 20201 min read
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.,
The Financial District
Jul 10, 20202 min read
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.
The Financial District
Jul 10, 20201 min read
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
The Financial District
Jul 8, 20201 min read
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
The Financial District
Jul 6, 20201 min read
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
The Financial District
Jul 5, 20201 min read
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
The Financial District
Jul 5, 20201 min read
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
The Financial District
Jul 4, 20202 min read
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
The Financial District
Jul 4, 20201 min read
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
The Financial District
Jul 3, 20201 min read
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
The Financial District
Jul 3, 20201 min read
HK BUSINESSES BACK BEIJING-IMPOSED NAT’L SECURITY LAW
China's new security law has sent fear coursing through many Hong Kong residents, but the city's commercial community has largely embraced i
The Financial District
Jul 3, 20201 min read
MARY ROBINSON LEADS QUIZ INTO AFRICAN DEVELOPMENT BANK CHIEF
Ireland's former president Mary Robinson will lead a panel to investigate the leader of the African Development Bank (AfDB), accused by whis
The Financial District
Jul 2, 20201 min read
JAPAN EXTENDS $465-M LOAN TO THE PHILIPPINES FOR COVID RESPONSE
Japan and the Philippines signed Wednesday a 50 billion yen ($465 million) loan agreement to help fund the Southeast Asian nation's coronavi
The Financial District
Jun 30, 20202 min read
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
The Financial District
Jun 30, 20202 min read
EBRD: CAN THE WORLD AVOID FAILURE
The European Bank for Reconstruction and Development (EBRD) has raised the alarm over the failure of the international community to deliver
The Financial District
Jun 28, 20201 min read
ROMANIA NABS WORLD’S BIGGEST FORGER OF POLYMER BANK NOTES
Romania has arrested what it described as the world’s best forger of plastic bank notes, with Christian Gherasim writing for Euronews on Jun
The Financial District
Jun 27, 20201 min read
SWEDEN FINES BANK FOR MONEY LAUNDERING
A big Scandinavian bank has been fined 1 billion kronor ($150 million) by Sweden’s financial supervisory authority for failing to stop money
The Financial District
Jun 26, 20202 min read
FED CLIPS DIVIDENDS, ASKS BANKS FOR CAPITAL HIKE PLAN
The Federal Reserve Board has asked the banking system to clip their dividend payouts, stop share repurchase plans and submit a capital incr
The Financial District
Jun 26, 20201 min read
WIRECARD FILES FOR INSOLVENCY
Barely a week after a scandal that saw $2 billion from its books “missing,” Wirecard, a once-valuable German fintech company, has filed for
The Financial District
Jun 26, 20201 min read
BANGKO SENTRAL SEEN TO DO STRESS TESTS ON BANKING SYSTEM
The Bangko Sentral ng Pilipinas( BSP) is expected to do a stress test on the country's banking system in light of the economic fallout from
The Financial District
Jun 26, 20201 min read
BSP NOTES OUTFLOWS OF $1 BILLION IN MAY
Foreign portfolio investments in the country for the month of May registered net outflows of $1 billion, according to the Bangko Sentral ng
The Financial District
Jun 26, 20202 min read
BSP RATES CUT FURTHER
The Monetary Board , the policy making body of the Bangko Sentral ng Pilipinas(BSP) today approved a further cut in the interest rate on th
The Financial District
Jun 24, 20201 min read
HEDGE FUND CHIEF OPTS FOR SOCIALLY-RESPONSIBLE INVESTING
Jeff Ubben is moving on from ValueAct Capital and its $16-billion fund to focus on environmentally and socially-responsible investing, the F
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