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A bank located along General Maxilom Avenue was damaged by fire at past noon Sunday. Senior Fire Officer Emiliano Daño said the fire was caused by a lighted cigarette butt allegedly left by one of the employees…
The Philippine Veterans Bank (PVB) wants to change its image and expand its clientele from veterans to the retail sector. PVB Chairman Roberto de Ocampo said public perception of the bank was that of a government-run institution…
A central bank official yesterday reminded banks to strictly implement the bank secrecy law amid the controversy over Davao City Mayor Rodrigo Duterte’s account. Republic Act No. 1405, also known as the bank secrecy law, prohibits the…
Criminal complaints filed against trader, casino operator over $81-M fund heist Yuchengco-led Rizal Commercial Banking Corp. fired its Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres yesterday, citing violations of bank policies and procedures as…
DHAKA, Bangladesh — Bangladesh’s central bank chief resigned yesterday, the finance minister said, after hackers stole $81 million from the nation’s foreign reserves in an audacious cyber-heist that has hugely embarrassed the government. “He called me yesterday…
A TOP executive of the Cebu Bankers’ Club (CBC) has assured the public that banks in the Philippines remain secure despite recent news of scams and frauds. Maximo Rey Eleccion, CBC president, gave the assurance yesterday amid…
THE Philippine Deposit Insurance Corp. (PDIC) will hold a forum with the depositors and borrowers of the shuttered Lapu-Lapu Rural Bank, Inc. on February 12, Friday, at the Carcar City Complex, about 40 kilometers south of Cebu…
City Savings Bank honored six outstanding educators during its 50th anniversary celebration last Sunday at Radisson Blu Hotel in Cebu City. Being a partner of public schoolteachers since 1966, the bank recognized and honored six outstanding educators,…
All banks are expected to comply with a government directive to switch to chip-based credit and automated teller machine (ATM) cards by the end of this year, an industry official said. Maximo Rey Eleccion, Cebu Bankers Club…
The 90 customer reward cards that a Romanian national used in withdrawing cash from automated teller machines (ATM) in Cebu City had bank account numbers from European Union countries. Supt. Romeo Santander, chief of the City Intelligence…
Old banknotes can no longer be used for payments by Jan. 1, 2016 The Bangko Sentral ng Pilipinas may have to intensify efforts to inform the public about the demonetization of old currency. “Wa jud koy…
BANK FRAUD TRIAL STARTING Charges of bank fraud in a case linked to the closure of the Subangdaku Rural Bank of Mandaue city five years ago will be heard in a trial court in Cebu. Yesterday was…
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