Banking & Insurance

Inappropriate use of bank funds gets Leyte rural banker up to 20 years in jail

The Regional Trial Court of Burauen, Leyte (RTC-Burauen) has convicted a former officer of the now-closed Rural Bank of Burauen (Leyte), Inc. for violating the Bangko Sentral ng Pilipinas’ (BSP) Manual of Regulations for Banks (MORB) and appropriate legislation.

Second-order inflation fears grip Bangko Sentral ng Pilipinas the most

Of all the threats to the stability of the price of services and goods in the economy, nothing grips the regulator, the Bangko Sentral...

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