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During its 16th founding anniversary, the Coalition for Better Education (CBE) conferred the Presidential Award to City Savings Bank last August 5 at Golden Prince Hotel in Cebu City. CitySavings was recognized as a fellow education…
Accompanied by a court sheriff, agents of the Philippine Drug Enforcement Agency in Central Visayas (PDEA-7) on Friday served a court-issued freeze order on the bank accounts of self-confessed drug lord Franz Sabalones. Executive Judge Gilbert Moises…
Former Philippine Stock Exchange (PSE) Inc. president and chief executive Hans B. Sicat will head the Manila branch of Dutch banking giant ING when current country manager Consuelo D. Garcia retires in November. According to a statement…
The National Bureau of Investigation (NBI) has filed before the Makati Prosecutor’s Office a criminal complaint against the Metropolitan Bank and Trust Company (Metrobank) executive who was arrested last Monday for attempting to pocket P2.25-million loan payment…
Security Bank reported on Wednesday some service disruption arising from a delay in posting banking transactions but assured this won’t gnaw on client’s accounts. The bank apologized for the delays encountered since Tuesday as some affected clients…
The World Bank has approved a $99.3-million loan to partly finance a project in the Philippines aimed at improving farmers’ competitiveness and market access. In a statement Saturday, the Washington-based multilateral lender said its board of executive…
An “internal data processing error” that led to discrepancies in bank account balances alarmed a number of clients of the Bank of the Philippine Islands (BPI) on Wednesday morning. In its advisory posted on Facebook, BPI said…
WITH Bank of the Philippine Islands’ electronic banking channels — including automated teller machines, mobile and web-based platforms deliberately placed on offline mode to address an “internal data error” on Wednesday, here are some key takeaways from…
ANXIOUS DEPOSITORS Loyal depositors of the Ayala-led Bank of the Philippine Islands were understandably alarmed and furious over a report on the bank’s statement that they were having an “internal data processing error” that caused discrepancies in…
The Cebu Bankers Club (CBC) has assured depositors of BDO Unibank Inc. that the day-to-day operations of the bank will not be affected by recent developments involving the institution and the Cebu City government. In a statement,…
Cebu City Mayor Tomas Osmeña’s battle with BDO Unibank, Inc., is far from over, and he is ready to take the matter all the way up to the Supreme Court or even the President if need be.…
A Cebu Regional Trial Court (RTC) has prohibited Cebu City Mayor Tomas Osmeña from closing any BDO branch in the city. Judge Gilbert Moises of Branch 18 of the RTC in Cebu City also directed Osmeña to…
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