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LBC Dev’t bank borrower arrested for P230M estafa case

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A cousin of former First Gentleman Jose Miguel Arroyo, who has an outstanding warrant for syndicated estafa, was arrested at his home in a posh subdivision in Muntinlupa City on Tuesday.

Posted: August 13th, 2014 in Latest Business Stories | Read More »

Swiss bank guilty on US felony charge, fined $2.6B

People walk by Swiss bank Credit Suisse headquarters in New York, May 19, 2014.  Credit Suisse, Switzerland’s second-largest bank,  is poised later today to announce a landmark tax-evasion settlement with US authorities, paying about 2.5 billion USD and pleading guilty to US criminal charges, according to briefings. AFP

Credit Suisse admitted guilt and was fined $2.6 billion Monday for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on US criminal charges.

Posted: May 20th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Hermes accuses LVMH of historic fraud—report

AFP FILE PHOTO/Miguel Medina

Hermes, the select handbag and scarf maker, accused luxury conglomerate LVMH of carrying out the “most important fraud in the history of the French stock market” in a court filing, as quoted in the Les Echos newspaper on Wednesday.

Posted: June 19th, 2013 in Latest Business Stories | Read More »

Biz Buzz: Who’s buying into PAL?

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Call it a process of price discovery. Taipan Lucio Tan has put the group’s remaining 51-percent stake in flag carrier Philippine Airlines on the block but its strategic partner, San Miguel Corp., is not ready to declare that it is buying this stake. However, SMC, at the end of the day, has the right of first refusal on this block, given its shareholders’ agreement with the LT group. If it does not like the new investor, it can match the offer.

Posted: June 12th, 2013 in Headlines | Read More »

First stock broker found guilty of securities fraud fined P2M

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A TV crew reports stock princes in front of an electronic stock indicator of a securities firm in Tokyo, Monday, March 25, 2013. A last-minute package of rescue loans that saves Cyprus from a banking collapse and bankruptcy helped push Asian stock markets higher Monday. Japan's Nikkei 225 index surged 1.9 percent to 12,546.46. AP/Shizuo Kambayashi

The president of a stock brokerage house was fined P2.1 million by a Makati regional trial court after he was found guilty of defrauding his clients in violation of the Securities Regulation Code (SRC), the first conviction secured by the government almost 13 years after the law was enacted.

Posted: March 31st, 2013 in Latest Business Stories | Read More »

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  • Typhoon-affected banks get reprieve
  • Taiwan insurer buys 20% of RCBC for P18B
  • PLDT beefing up fiber optic network capacity
  • Technology

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  • Palace backs prepaid SIM registration
  • Man, wife behind ‘crush’ videos get life sentence
  • Turkey’s president dismisses new iPhone: ‘Same as the last’
  • Opinion

  • Editorial cartoon, October 2, 2014
  • We stand in Central
  • Questions
  • Political ferment in Hong Kong
  • Recto in a time of disenchantment
  • Global Nation

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