RCBC

BB heist: RCBC president resigns

The Rizal Commercial Banking Corp (RCBC) accepts the resignation of Lorenzo Tan as president and CEO of the Yuchengco-controlled financial institution effective immediately, the bank says in a...

April 12, 2016
April 12, 2016

Stop payment orders from BB 'vague': RCBC

Rizal Commercial Banking Corporation (RCBC) says the bank could have held the stolen US$81 million if only the Bangladesh Bank sent "high priority messages."

March 30, 2016
March 30, 2016

Filipino willing to return $14.3m

Kim Wong, the Filipino casino operator dubbed the “missing link” in the cyber heist of $81 million in Bangladesh Bank reserves, said he is willing to return up to $14.3 million he received from two...

March 22, 2016
March 22, 2016

BB fund heist: RCBC fires manager, deputy

Philippines bank RCBC fires its Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres, citing violations of bank policies and procedures as well as falsification of commercial...

March 19, 2016
March 19, 2016

BB fund heist: Philippines bank manager ‘not telling truth’

Maia Santos-Deguito is not telling investigators the truth behind the money laundering of US$81 million that has once again put the Philippines on the map of notorious countries.

March 18, 2016
March 18, 2016

BB fund heist: RCBC manager, 4 others summoned by DOJ

Philippine justice department summons the branch manager of Rizal Commercial Banking Corporation to answer the criminal complaint filed against her and several others by the Anti-Money Laundering...

March 15, 2016
March 15, 2016

Philippine bank let fund withdrawal despite NY bank stop order

The Rizal Commercial Banking Corp. allows the withdrawal of the bulk of the funds suspected to have been stolen by computer hackers from the Bangladeshi central bank despite having received an...