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Philippine Veterans Bank (PVB) recently reaffirmed its partnership with Filipino war veterans, as the board of trustees of the Veterans of World War II (BTVWWII), an organization of Filipino war veterans and their families, recently celebrated its 50th anniversary. Roberto de Ocampo, OBE, former finance secretary and an experienced banker…

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FRANKFURT: Too many European banks survived the financial crisis, the head of Europe’s banking regulator said in a newspaper interview on Monday. “I’m convinced that too few European banks were dismantled and disappeared from the market,” European Banking Authority (EBA) chief Andrea Enria told the daily Frankfurter Allgemeine Zeitung in…

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State insurer Philippine Deposit Insurance Corp. (PDIC) is set to sell a total of 118 units of automated teller machines (ATMs) via public bidding on December 3, 2013. In a statement, the PDIC said that the ATMs will have an aggregate minimum disposal value of P20.9 million. The public bidding…

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NEW YORK CITY: A South Korean electronics firm has sued leading global banks in New York City for manipulating the foreign exchange market as regulators in several countries investigate similar allegations. Circuit board maker Simmtech filed a class action suit last Friday (Saturday in Manila) in the New York Federal…


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LONDON: Britain’s Co-operative Bank, which prides itself on ethical investments, has been plunged deeper into crisis after its former chairman was filmed allegedly seeking to buy drugs. Former Co-op bank chairman Paul Flowers—a church minister—apologized after allegations were published in the in The Mail on Sunday newspaper involving crystal meth,…

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DO insiders know better than ordinary investors? Not necessarily if you were to look at how an insider at First Philippine Holdings Corp. (FPH) traded his holdings. On November 15, Arthur de Guia, managing director for manufacturing-investment group of FPH, bought in two transactions 36,650 FPH shares—30,000 shares at P64…

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