Windmill Microlending receives $1M grant

Charity offers microloans for immigrants and refugees to retrain and relicense in Canada Windmill Microlending, formerly known as Immigrant Access Fund, has been awarded a $1 million grant from the TD Ready Challenge. Designed to support organizations offering scalable solutions to promote inclusivity and prosperity, Windmill is the only dedicated immigrant-serving organization to receive one of the […]

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M3 growth slows, bank lending up in July

GROWTH in the country’s money supply slowed in July despite faster expansion in bank lending, the central bank reported on Friday. Domestic liquidity or M3 expanded by 11 percent year-on-year to P11.103 trillion, slower than June’s revised 11.8 percent growth. Month-on-month and seasonally adjusted, M3 also  increased by 0.6 percent. Bank lending growth, meanwhile, accelerated to […]

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BSP shuts down Camarines Norte-based rural bank

THE Bangko Sentral ng Pilipinas (BSP) has ordered a Camarines Norte-based Rural Bank of Sta. Elena closed and placed under receivership, state-run Philippine Deposit Insurance Corp. (PDIC) announced over the weekend. The single-unit rural bank, at Barangay Sta. Elena (Pob.), Sta. Elena was prohibited from doing business and its assets and affairs placed under the […]

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Australia’s Commonwealth Bank agrees to US$530M-fine over money laundering breaches

Australia's Commonwealth Bank agrees to US$530M-fine over money laundering breaches

The Commonwealth Bank agreed on Monday to the largest civil penalty in Australian corporate history to settle claims it breached anti-money laundering and counter-terrorism financing laws.

The post Australia’s Commonwealth Bank agrees to US$530M-fine over money laundering breaches appeared first on Inquirer News.

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