PDIC to sell closed banks’ assets

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Mon, 17 Feb 2020 16:31:18 +0000

THE Philippine Deposit Insurance Corp. (PDIC) is set to sell corporate and closed banks’ assets with a combined value of P61.5 million on March 19. In a statement on Monday, the state-run deposit insurer said those for up bidding are 35 residential lots, 13 residential lots with improvement, two motor vehicles and a generator set. […]

Read more

100% Solar Powered 5/3 Bank Announces $6.2 Million in 2019 Grants

Credit to Author: Johnna Crider| Date: Wed, 08 Jan 2020 16:03:28 +0000

Fifth Third Bank 2019 GrantsThe Foundation Office at Fifth Third Bank, a bank that is 100% powered by renewable solar energy and generating more clean power than the bank uses in a year (which is why we started using it in 2019), recently made an announcement of almost $6.2 million in grants from 2019. These grants come through 8 major foundations that the banks serve as a trustee or agent

Read more

Banks tighten credit rules for firms

Credit to Author: THE MANILA TIMES| Date: Fri, 25 Oct 2019 09:59:47 +0000

BANKS tightened credit standards on loans extended to companies but maintained those for individual borrowers in the third quarter, the Bangko Sentral ng Pilipinas (BSP) said. Results of the Third Quarter 2019 Senior Bank Loan Officers’ Survey (SLOS) indicated a net tightening of overall credit standards for loans to enterprises while rules on households lending were […]

Read more

Top Banker For Fossil Fuel Companies Has Low Price Target On Tesla [TSLA]

Credit to Author: Zachary Shahan| Date: Wed, 16 Oct 2019 02:30:13 +0000

According to a report in The Guardian, the top banker for fossil fuel companies is JPMorgan Chase. In fact, in the past few years it has provided $22.8 billion more in financing than #2 Citi for oil, gas, and coal companies — $75.6 billion versus $53.8 billion. As one Tesla fan noted, JP Morgan’s Tesla analyst, Ryan Brinkman, has a very low price target in place for Tesla [TSLA] and an “underweight” rating

Read more