XAU/USD retreats towards $2,020 as Ukraine-Russia stand-off ease

Ukraine and Venezuela’s efforts to tame the respective geopolitical tensions with Russia and the US have recently improved market sentiment. As a result, the metal’s safe-haven demand gets a dent, which in turn triggered the latest pullback in XAU/USD prices. Gold buyers take a breather around $2,042, down 0.40% intraday during Wednesday’s Asian session. In […]

BDO assures reimbursement to affected clients after hacking incident

Several BDO consumers have disclosed on social media how their bank accounts were targeted and became subject to internet hacking, resulting in financial transfers ranging from P25,000 to P50,000 conducted without the authorization of the bank’s owners and depositors, while the matter stays in the mainstream media.  BDO reacted immediately to these incidents, issuing announcements […]

Philippine Central Bank Probes bank hacking complaints

BDO claims that one of its clients was victimized by a sophisticated fraud tactic. The Manila Bulletin alleged that stolen funds were utilized to purchase Bitcoin. The Philippine central bank is investigating claims that certain clients of BDO Unibank Inc., the country’s largest lender by assets, lost money as a result of an internet scam […]