Rizal Commercial Banking Corp

BB heist: Philippines bank RCBC’s treasurer quits

The treasurer of Rizal Commercial Banking Corp of the Philippines resigns amid ongoing investigation on US$81-million money laundering case. The money was stolen on February 4 from Bangladesh Bank's account with Federal Reserve Bank of New York.

May 6, 2016
May 6, 2016

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 statement.

April 21, 2016
April 21, 2016

BB heist: Philippines bank RCBC’s treasurer quits

The treasurer of Rizal Commercial Banking Corp of the Philippines resigns amid ongoing investigation on US$81-million money laundering case. The money was stolen on February 4 from Bangladesh Bank's account with Federal Reserve Bank of New York.

April 5, 2016
April 5, 2016

BB Cyber Heist: Wong vows to turn over another US$ 9.73m

Casino junket operator Kim Wong promises to return to the Senate another US$ 9.73m, which was believed to be part of the alleged $81million stolen funds from the Bangladesh’s central bank.

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 Chinese nationals linked to the stolen funds.

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 documents.

March 18, 2016
March 18, 2016

20m pesos loaded into RCBC manager's car

Twenty million pesos believed to be part of the $81million funds stolen from Bangladesh Bank was allegedly loaded onto the vehicle of the branch manager of Rizal Commercial Banking Corporation, a witness told a Senate hearing in the Philippines yesterday.

March 17, 2016
March 17, 2016

BB fund heist: $4.31 lakh loaded to RCBC branch head’s vehicle, says witness

A 20-million peso (US$4.31) lakh cash believed to be part of the $81-million stolen funds from the Bank of Bangladesh was allegedly loaded to the vehicle of Maia Santos-Deguito, the branch manager of Rizal Commercial Banking Corp. (RCBC), a witness tells a Senate hearing.

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 order from its counterpart banks abroad to stop the payment.