RCBC Shareholder Cathay Life Says It’s Monitoring Investigation
Source: BFW (Bloomberg First Word)
Tickers
2882 TT (Cathay Financial Holding Co Ltd)
RCB PM (Rizal Commercial Banking Corp)
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UUID: 7947283
(Bloomberg) -- Cathay Life Insurance says it will monitor the development of an investigation into Philippines bank RCBC’s alleged involvement in money laundering, according to an emailed statement.
Alert: HALISTER1- Taiwanese life insurer owns 21.93% of RCBC as of end-2015: statement
- Cathay Life says RCBC proactively reported to the Philippine central bank regarding the incident
- Insurer will comply with regulations and report to authorities as required: statement
Source: BFW (Bloomberg First Word)
Tickers
2882 TT (Cathay Financial Holding Co Ltd)
RCB PM (Rizal Commercial Banking Corp)
To de-activate this alert, click here
UUID: 7947283