Some analysts forecast more pain for the sector as concern continues to spread about hidden risks in the banking sector and its vulnerability to the rising cost of money
(We are publishing the letter of former Bangko Sentral ng Pilipinas Deputy Governor Diwa C. Guinigundo to the senators on the Maharlika Investment Fund – Editor)
Honorable Senators of the Republic:
Thank you for allowing us to speak our minds on the Maharlika Investment Fund (MIF). I fully subscrib
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SPEAKING OUT
The proposed merger between Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC) continued on track with its recent approval in a special BPI stockholders meeting held last week.
BPI Chairman Jaime Augusto Zobel de Ayala, Vice Chairman Cezar P. Consing, Presiden
TWO Bataan courts recently convicted former officers of the now-closed Orani Rural Bank (Bataan) Inc. (Orani RB) for violating banking laws and the Revised Penal Code, according to the Bangko Sentral ng Pilipinas (BSP). The BSP said the banking laws that were violated by the officers of the Orani RB…