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PDIC files criminal case vs ex-officials of Exportbank

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Banking regulators on Monday sweetened the pot for potential white knights of Export and Industry Bank (EIB), which had been ordered closed due to insolvency.  PHOTO BY ERWIN AGUILON/RADYO INQUIRER

Philippine Deposit Insurance Corp. filed a criminal charge against the former chair and officers of closed Export and Industry Bank, alleging that they engaged in an unsafe and unsound business practice that put the bank in a disadvantage.

Posted: May 10th, 2013 in Uncategorized | Read More »

Morgan Stanley’s profit surges, stock soars

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In this Wednesday, Oct. 10, 2012 photo, people pass Morgan Stanley's headquarters in New York. Morgan Stanley says it swung to a profit in the fourth quarter. Shares jumped in pre-market trading, Friday, Jan. 18, 2013. AP FILE PHOTO

Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement.

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

First Metro lists P7B worth of corporate bonds on PDEx

First Metro Investment Corp., the investment banking arm of the Metrobank group, listed on Wednesday morning P7 billion worth of corporate bonds on local fixed income exchange Philippine Dealing and Exchange Corp. (PDEx).

Posted: August 16th, 2012 in Headlines | Read More »

Investment, financial planning made easy in Philippine Veterans Bank

veterans-bank

Seeking advices on acquiring or running a business venture and planning one’s financial future can now be availed through investment banking division of the Philippine Veterans Bank, said an earlier report on Radyo Inquirer.

Posted: June 24th, 2012 in Latest Business Stories | Read More »

Filipino exec named Maybank regional investment banking head

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Filipino investment banker Manuel Tordesillas has been named by Maybank Kim Eng, a leading securities and investment brokerage group in Asia, as its regional head for investment banking and advisory.

Posted: February 10th, 2012 in Latest Business Stories | Read More »

Housing bust still haunts the US banks

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This Oct. 12, 2011 file photo shows the J.P. Morgan Chase logo at the base of one of the bank's larger Lower Manhattan buildings in New York. JPMorgan Chase said Friday, Jan. 13, 2012, its income fell 23 percent in the fourth quarter of 2011 after the bank set aside a large sum for litigation reserves and its investment banking income declined. (AP Photo/Kathy Willens, File)

The U.S. economy may be healing, but banks are suffering from a housing hangover.

Posted: January 14th, 2012 in Latest Business Stories,Personal Finance | Read More »

First Metro Investment net profit up 31.6% to P1.8B

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The First Metro Investment Corp., the investment banking arm of the Metrobank group, grew its net profit in the first nine months by 31.6 percent year on year to P1.8 billion on robust treasury earnings.

Posted: November 10th, 2011 in Latest Business Stories | Read More »

Metrobank unit posts H1 profit growth of 24.8%

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First Metro Investment Corp., the investment banking arm of the Metrobank Group, posted a 24.8-percent increase in its first-semester profit to P1.1 billion from a year ago. The profit growth was attributed to the strong performance of its treasury and investment banking operations. The largest share of the profit originated from the treasury group, which [...]

Posted: August 12th, 2011 in Headlines | Read More »

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