Rappler's latest stories on rcbc
RCBC profit soars 77% in Q1 2020 on forex, trading gains
Yuchengco-led RCBC posts impressive gains in the 1st quarter of 2020 despite headwinds from the coronavirus pandemic
Bangladesh Bank to appeal U.S. court's junking of case vs RCBC
RCBC says the case filed against it by Bangladesh Bank 'was dismissed for failure to state a federal racketeering claim'
RCBC system maintenance to start 10 pm on July 19
Banking services will be unavailable during RCBC's system maintenance from 10 pm on Friday, July 19, to 10 pm on Saturday, July 20
New RCBC president gears up for bank's digital shift
Eugene Acevedo, a veteran banker and technology advocate, now leads RCBC
RCBC exec denies Enrique Razon in talks for Hanjin takeover
'I never met [Enrique Razon] so I don't know what he's talking about,' says an executive of RCBC
DOJ files money laundering cases vs RCBC execs
RCBC says it is 'confident' that its officers 'will be vindicated' since its own probe found that they were not aware of the alleged money laundering
In defense of the credit card
Credit cards aren’t as bad as you think. Three young professionals tell us why
RCBC files defamation charges vs Bangladesh Bank
After Bangladesh Bank filed a case against RCBC in February, the Yuchengco-led bank fights back with a defamation lawsuit
U.S. Federal Reserve assists Bangladesh over cyberheist case vs RCBC
'This agreement demonstrates that the New York Fed and Bangladesh Bank are aligned in the pursuit of recovering the funds and directing litigation against those who were complicit in or benefitted from the fraud,' says the US Federal Reserve Bank and Bangladesh's central bank
Bangladesh sues RCBC over $81-M cyberheist
RCBC dismisses the suit as a 'political stunt'
Labor group pushes for policy review after Hanjin bankruptcy
Hanjin Heavy Industries and Construction Corporation, which filed for bankruptcy, owes $400 million to local banks and another $900 million to South Korean lenders
Poe to sue Jacinto if he insists on cell tower duopoly plan | Evening wRap
Watch Rappler’s evening newscast with Marguerite de Leon
Net income of RCBC surges to P4.3 billion in 2017
RCBC president and chief executive officer Gil Buenaventura says the listed lender is ready to make the most of the favorable business environment this 2018
RCBC eyes lawsuit against Bangladesh Bank over heist claims
This comes after the Bangladesh central bank's announcement that it would sue the listed Philippine bank over alleged involvement in the $81-million cyber heist
RCBC to increase capital stock from P16B to P28B
The bank says this will be done by increasing common shares to 2.6 billion from 1.4 billion
RCBC accuses Bangladesh central bank of cover-up
The Rizal Commercial Banking Corporation says Bangladesh Bank is 'maligning RCBC and refusing to divulge its findings' on the $81-million heist
RCBC: No talks with BDO, BPI on merger, sale of majority stake
All 3 banks have moved to quash rumors fueled by RCBC’s rising stock in recent months
Security Bank, RCBC add anti-fraud measures to debit cards
Both banks add a remote lock/unlock feature to guard against unauthorized transactions
DOJ clears Philrem officials in Bangladesh Bank heist
But the Department of Justice junks the appeal of former RCBC branch manager Maia Deguito who faces money laundering charges
BSP moves to strengthen banks' governance
The central bank says the amendments to the BSP corporate governance guidelines raise the bar on the expectations from the board of directors and risk management systems of its supervised financial institutions
Uber suspension, Andy Bautista, new SC justice | Evening wRap
Watch Rappler’s evening newscast with Acor Arceo
VACC starts impeachment case buildup vs Chairman Bautista
The Committee on Justice of the House of Representatives will not accept any documents other than certified or original appended to impeachment complaints VACC tells the NBI in the letter
Net interest, fee-based earnings drive RCBC's income in 2nd quarter
The bank s net income in the 2nd quarter of 2017 soars by 67 to P1 34 billion from the P806 million booked in the same period in 2016
Metrobank loses over P14B in market value amid fraud issue
The stock of Metrobank was the biggest underperformer in the local bourse
Banking sector backs Metrobank to pull through P900 M fraud case
The Bangko Sentral ng Pilipinas says Metrobank is well capitalized enough to deal with the situation although it will conduct an investigation into the bank’s internal controls
The quiet Yuchengco group
There are reasons Yuchengcos are seldom quoted in news reports – even if there have been issues hounding their companies like the Pacific Plans estafa charges and RCBC Bangladesh Bank heist
RCBC pays Bangladesh Bank heist fine in advance
The listed bank fully settles its record P1 billion fine for non compliance with banking laws and regulations in connection with the 81 million Bangladesh Bank money laundering scandal
No merger? Henry Sy firm among top shareholders of RCBC
A privately held company of the Sy family owner of China Bank and BDO Unibank has been buying shares of RCBC a Yuchengco led bank
Illicit financial flows in developing countries ‘persistently high’
A recent finding from Global Financial Intergrity shows illicit financial flows amounted to at least 1 trillion of developing country total trade in 2014
The legend of Mariano Que
In a way it is impossible to talk about Philippine medicine without mentioning Mariano Que Yet so little was known of the man who built Mercury Drug
Tycoon and diplomat Alfonso Yuchengco dies
Yuchengco who also served as Philippine ambassador took the family insurance business and turned it into a financial powerhouse
RCBC chief counsel Estavillo quits
RCBC announces the resignation of lawyer Maria Celia Fernandez Estavillo over a week after the Anti Money Laundering Council filed criminal charges against several RCBC officers
AMLC files charges vs RCBC officers on Bangladesh Bank heist
The former treasurer and 5 other officers and employees of listed Rizal Commercial Banking Corporation RCBC are charged for violating Republic Act 9160 or the Anti Money Laundering Act of 2001
DOJ wraps up probe into laundering of Bangladesh bank money
Assistant State Prosecutor Gilmarie Fe Pacamarra says a resolution may be issued this September
Alfonso Yuchengco steps down as RCBC honorary chair
The 92 year old taipan is appointed RCBC chairman emeritus in recognition of his distinguished service
Duterte, RCBC manager, Abu Sayyaf | 12PM wRap
Watch the 12PM wRap with Maria Ressa
Ex-RCBC manager linked to Bangladesh bank heist arrested for perjury
Maia Santos Deguito claims that Lorenzo Tan the president on leave of the RCBC was the brains behind the laundering of 81 million that a syndicate stole online from Bangladesh central bank
P1B fine unlikely to weaken RCBC's financial profile - Fitch
The P1 billion penalty is the largest ever imposed by the Bangko Sentral ng Pilipinas and is equivalent to about 20 of RCBC s 2015 net income
BSP fines RCBC P1B over Bangladesh heist
RCBC says it will pay the fine in two equal tranches over a one year period P500 million upon approval by the BSP and P500 Million one year after
Bangladeshi officials assured of help in reclaiming laundered $15M
John Gomes: This case involving about 15 million is pending but I think within one month they should be resolving that case and we will be getting back our money
RCBC net income inches up
RCBC s core income driven by its core businesses is firming up RCBC remains on track with its long term goals says Gil Buenaventura the bank s new president and CEO
RCBC reorganizes board after Bangladesh Bank heist scandal
In the wake of the scandal RCBC strengthens its board of directors increasing the number of independent directors to 7 from the previous 4
PH wins vs China, RCBC, Taylor Swift | 6PM wRap
Watch Rappler’s 6PM newscast with Zak Yuson
RCBC admits wrong report to AMLC on businessman Antonio Tiu
Saying the damage caused by RCBC s mistake is irreparable the businessman says he will not stop until justice is served against those who wrongly accused him and his companies
Will Senate revive probe into Bangladesh Bank heist?
The 16th Congress adjourns with no resolution to the probe into Bangladesh Bank s stolen millions
BSP cancels registration of PhilRem, Werquick, Peso Remittance
The cancellation stems from PhilRem s role in the elaborately planned 81 million Bangladesh Bank heist
RCBC names new officials after bank heist probe
As the Senate probe into the bank heist ends the embattled bank appoints new key officials
Party-list winners, bank heist probe, EgyptAir 804 | 12PM wRap
Watch Rappler s 12PM newscast with Maria Ressa
Hard lessons learned as Senate ends bank heist probe
Senators assure an upset Bangladesh Ambassador John Gomes that the money stolen from his government would be returned up to the last centavo as the Senate ends its probe on the grand money laundering scheme
Only Kim Wong keeps promise to sign waiver on phone records
The Senate is unable to gain access to the phone records of sacked RCBC branch manager Maia Santos Deguito and PhilRem owner Salud Bautista
