Bank damaged by fire

Dominic D. Yasay 09/18/2016

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…

Veterans bank to expand market, change image

Victor Anthony V. Silva 08/25/2016

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…

Banks reminded to strictly implement law on secrecy

Marites Villamor Ilano 05/02/2016

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…

RCBC fires Deguito, deputy

03/23/2016

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…

Bangladesh bank chief quits amid $81-M hacking scandal

03/16/2016

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…

Bank exec assures: PH banks secure from hackers

Vanessa Claire Lucero 03/09/2016

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…

Forum with depositors of shuttered bank set

Marites Villamor Ilano 02/08/2016

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 marks anniversary, honors outstanding educators

PR 01/27/2016

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,…

Banks’ migration to secure chip-based cards on track

Vanessa Claire Lucero 01/08/2016

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…

Store reward cards contain EU bank account numbers

Apple Ta-as 09/25/2015

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…

Metro Cebu vendors still unaware of new currency

Vanessa Claire Lucero 05/31/2015

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…

Judge laments ‘lengthy pleadings’; Radaza, others wait longer

Ador Vincent S. Mayol 12/17/2014

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…

Previous           Next
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.