citibank Archives » Pinoy Money Talk

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need … Read More

Paypal Bank Code of BPI, BDO, Metrobank & other Philippine banks

Are you looking for the Bank Code required to process your Paypal withdrawal and transfer of funds? If you’re using Paypal and you’re trying to … Read More

Citibank update: Francis Bryan Ang indicted for qualified theft

Here’s an update to one of the recent high-profile banking scandals in the country. The Department of Justice (DOJ) has found probable cause in the qualified theft case filed by Citibank against its former employee, Francis Bryan Ang, who supposedly ran away with more than P135 million of clients’ funds.

The DOJ has recommended the filing of 87 counts of qualified theft through falsification of commercial documents against Francis Bryan Ang, a former assistant vice president of Citibank’s Citigold Wealth Management Group and Relationship Manager of Citibank Binondo branch.

Citibank scandal: Did Francis Bryan Ang steal the money or not?

Last week, Citibank Philippines reported that one of its private banking officers have gone missing and allegedly carted with him hundreds of millions of pesos worth of depositors’ money.

Francis Bryan Ang, an Assistant Vice President (AVP) of Citibank Binondo’s Citigold Wealth Management Group, is said to have stolen at least P100 million of his clients’ money. Another news report place the total amount allegedly stolen between P600 million and P1 billion.

Citibank’s 4.75% Savings & Time Deposit account

Here’s another safe and relatively high-yielding instrument to place your money in. Well, it’s not really “high-yielding” compared to returns of stocks, but compared to other savings or time deposit accounts in the market, this one has one of the highest interest rates.

Top 10 banks in the Philippines

Update: Largest Banks in the Philippines (2009)

Banco de Oro (BDO) is now the largest bank in the Philippines, in terms of both assets and total deposits.

This is according to a report of comparative sizes of Philippine banks which I got from my bank.

Until 2007, Metrobank was the largest bank. As of December 31, 2008, however, Banco de Oro has overtaken Metrobank and has grabbed the title since.

Job layoffs here, there and everywhere

Also read: 126,000 more workers worldwide to lose jobs and Job losses in the Philippines
If you’re still wondering about the impact of the US subprime mortgage problem, just read the business news and you’ll see who the casualties are: the employed — or more appropriately, the ex-employed.
According to the latest news, the financial sector has announced — from January to May 2008 alone — that more than 66,000 people will be fired in the US and in other countries.