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Philippine National Bank
The Philippine National Bank (PNB, Filipino/ tl, Bangko Nasyonal ng Pilipinas, lit=; es, Banco Nacional Filipino; Hokkien ) is one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, during the American Era. The bank became the first universal bank in the Philippines in 1980 and was acquired by tycoon Lucio Tan after it was privatized by the government in 1989. After its merger with the Tan-owned Allied Bank on February 9, 2013, PNB became the fifth largest private domestic bank in the country. To date, PNB has a total domestic footprint of 713 branches and more than 1,400 ATMs strategically located nationwide. PNB maintains its position as the Philippine bank with the most extensive international reach with more than 70 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America. History Early years The Philippine National Bank was establishe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Bank
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. September 18, 2008, '''' These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory. The concept is most relevant in the and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
De Facto
''De facto'' ( ; , "in fact") describes practices that exist in reality, whether or not they are officially recognized by laws or other formal norms. It is commonly used to refer to what happens in practice, in contrast with ''de jure'' ("by law"), which refers to things that happen according to official law, regardless of whether the practice exists in reality. History In jurisprudence, it mainly means "practiced, but not necessarily defined by law" or "practiced or is valid, but not officially established". Basically, this expression is opposed to the concept of "de jure" (which means "as defined by law") when it comes to law, management or technology (such as standards) in the case of creation, development or application of "without" or "against" instructions, but in accordance with "with practice". When legal situations are discussed, "de jure" means "expressed by law", while "de facto" means action or what is practiced. Similar expressions: "essentially", "unofficial", "in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. With a population of 24.89 million as of 2021, Shanghai is the most populous urban area in China with 39,300,000 inhabitants living in the Shanghai metropolitan area, the second most populous city proper in the world (after Chongqing) and the only city in East Asia with a GDP greater than its corresponding capital. Shanghai ranks second among the administrative divisions of Mainland China in human development index (after Beijing). As of 2018, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product (nominal) of nearly 9.1 trillion RMB ($1.33 trillion), exceeding that of Mexico with GDP of $1.22 trillion, the 15th largest in the world. Shanghai is one of the world's major centers for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iloilo
Iloilo (), officially the Province of Iloilo ( hil, Kapuoran sang Iloilo; krj, Kapuoran kang Iloilo; tl, Lalawigan ng Iloilo), is a province in the Philippines located in the Western Visayas region. Its capital is the City of Iloilo, the regional center of Western Visayas. Iloilo occupies a major southeast portion of the Visayan island of Panay and is bordered by the province of Antique to the west, Capiz to the north, the Jintotolo Channel to the northeast, the Guimaras Strait to the east, and the Iloilo Strait and Panay Gulf to the southwest. Just off Iloilo's southeast coast is the island province of Guimaras, once part of Iloilo but now an independent province. Across the Panay Gulf and Guimaras Strait is Negros Occidental, occupying the northwestern half of the larger island of Negros. Iloilo City, its capital, is the center of the Iloilo–Guimaras Metropolitan Area or Metro Iloilo–Guimaras, and is geographically located in the province and is grouped under ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Parker Willis
Henry Parker Willis (August 14, 1874 – July 18, 1937) was an American financial expert. Biography He was born at Weymouth, Massachusetts, the son of the Universalist minister and suffragist Olympia Brown. He graduated from the University of Chicago with a Ph.D. in 1897 and was a member of Alpha Kappa Psi professional business fraternity. Willis taught economics and political science at Washington and Lee University. He was professor of economics at George Washington University and lectured at Columbia University, becoming a professor of economics there in 1919. He served as an expert to the Ways and Means and Banking and Currency committees of the United States House of Representatives, and in other positions. Willis was the first Secretary of the Federal Reserve Board, serving between 1914 and 1918. Willis was also the first president of the Philippine National Bank. In 1926, he was appointed the chairman of the Commission of Inquiry into Banking and the Issue of Notes, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Escolta Street
Escolta Street (lit: Escort) is a historic east–west street located in the old downtown district of Binondo in Manila, Philippines. It runs parallel to the Pasig River, from Plaza Santa Cruz to Plaza Moraga and Quintin Paredes Street. The street is home to several fine examples of early skyscraper design in the Philippines. In Spanish, it is known as ''calle de la Escolta''. Its definition as a historic financial district includes Escolta and other surrounding streets of Binondo and Santa Cruz. It currently carries one-way eastbound traffic towards Santa Cruz. History One of the oldest streets in Manila, Escolta was created in 1594. Its name was derived from the Spanish word ''escoltar'', meaning "to escort". In Walter Robb's essay Main Street, he states, "The gates of the walled city were closed at sunset, when curfew rang from the towers of all its churches; they were not opened again until dawn. Low, massive, stone-arched, typically medieval as you see them today, these ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Legislature
The Philippine Legislature was the legislature of the Philippines from 1907 to 1935, during the American colonial period, and predecessor of the current Congress of the Philippines. It was bicameral and the legislative branch of the Insular Government. From 1907 to 1916, under the Philippine Organic Act of 1902, the legislature's lower house was the elected Philippine Assembly and its upper house was the appointed Philippine Commission, headed by the American governor general (who also served as the executive of the Insular Government). In 1916, the Jones Law abolished the Philippine Commission and reorganized the Philippine Legislature as a fully elected, bicameral legislature composed of the Senate and House of Representatives, precursors to current Senate of the Philippines and House of Representatives of the Philippines. In 1935, the Commonwealth of the Philippines was established and the National Assembly of the Philippines replaced the Philippine Legislature. Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Miguel Cuaderno
Miguel Cuaderno Sr. (December 12, 1890 – January 14, 1975) was the 17th Finance Secretary of the Philippines under Manuel Roxas Manuel Acuña Roxas (born Manuel Roxas y Acuña; ; January 1, 1892 – April 15, 1948) was a Filipino lawyer and politician who served as the fifth president of the Philippines, who served from 1946 until his death due to heart attacks in 194 ... and the first Governor of the Central Bank of the Philippines from 1949 to 1960. Biography Don Miguel was born in Manila on December 12, 1890. His parents were Protacio Cuaderno of Manila and Francisca Rey Hipolito Pascual of Balanga. He grew up in the ancestral home of the Pascuals in Talisay, Balanga. Cuaderno finished his Commerce course from the Liceo de Manila, and his Law degree from the Philippine Law School as valedictorian. He passed the Bar examinations in 1919 as second placer. While employed as professional lecturer of Law at the Philippine Law School and lecturer in banking and finance at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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