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The year 2021 ended with the proverbial bang, but not in a good way for at least two banking institutions. The last month of the year saw two banking issues emerge from the woodwork. One is the unfortunate Banco de Oro hacking incident, which affected over 700 BDO Unibank accounts,…
After the Bangko Sentral ng Pilipinas (BSP) junked their complaint against the officials of the Rizal Commercial Banking Corporation (RCBC), the Inang Nag-Aaruga sa Anak Foundation recently filed a Petition for Review at the Court of Appeals (CA). The complaint for unsafe and unsound banking practices was against not only…