Salceda: PH in need of measures to stop collapse of banks
Albay Rep. Joey Sarte Salceda is pushing for a set of measures to protect the country’s banking system from “financial ...
Read moreTag: Silicon Valley Bank
SVB collapse ‘textbook case of mismanagement,’ says top Fed official
WASHINGTON, United States—The collapse of Silicon Valley Bank was a “textbook case of mismanagement” which requires tougher banking regulation, according ...
Read more
First Citizens acquiring loans, assets, deposits of collapsed SVB
Washington—US bank First Citizens said Monday it agreed to purchase much of Silicon Valley Bank, whose collapse this month sparked ...
Read more
Medalla: Local banks to withstand shocks from US lenders’ collapse
Bangko Sentral ng Pilipinas Governor Felipe Medalla said Monday the strong domestic banking system can withstand the possible shocks from ...
Read moreFed aims to balance banking woes and inflation in decision
WASHINGTON—US central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to ...
Read more
US Fed lends banks $12b in wake of SVB
Washington, United States—The Federal Reserve has lent US banks nearly $12 billion under a new one-year lending program unveiled Sunday, ...
Read more
Social media frenzy causes bank-busting panic, collapse
By Juliette Michel NEW YORK, United States—Fearful Twitter posts and anxious WhatsApp exchanges coupled with online banking ease are seen ...
Read more
Diokno assures stability of banking sector
Finance Secretary Benjamin Diokno, the head of the economic team, on Wednesday assured the public that the economy and the ...
Read more
BAP assures depositors of local banks’ stability
The 44-member strong Bankers Association of the Philippines assured depositors on Tuesday that the domestic banking system remains strong and ...
Read more
US rushes to contain SVB fallout, Biden vows to fix mess
By Michael Mathes with Thomas Urbain in New York WASHINGTON—US authorities unveiled sweeping measures Sunday to ease fears over the ...
Read more
Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.