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The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-owned bank and was one of the largest banks in the Philippines, having ranked within the top twenty banks in the country in terms of assets.
UCPB may refer to: United Civic Party of Belarus; United Coconut Planters Bank, a defunct Philippine bank This page was last edited on 21 ...
The government alleged Cojuangco to have used the coconut levy funds to gain control of a 72.2% stake in United Coconut Planters Bank in 1975; [12] and a total stake of about 47% San Miguel Corporation in 1983, [13] in two blocks of about 20% and 27%, respectively. [10] The coco funds were also used to acquire six oil mills. [12]
The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks.As of September 30, 2022, [1] there were 45 universal and commercial banks, [2] 44 savings banks, [3] 400 rural and cooperative banks, [4] 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ...
The Coco Levy Fund Scam was a controversy in the 1970s and 1980s in the Philippines involving former President Ferdinand Marcos and his cronies.It was alleged that Marcos, Danding Cojuangco, Juan Ponce Enrile, and others conspired to tax coconut farmers, promising them the development of the coconut industry and a share of the investments, but on the contrary used the collection fund for ...
The first debit card in the United Kingdom was launched by Barclays in June 1987 under the "Connect" brand. NatWest followed with the "Switch" debit card in October 1988. Connect was later merged into Visa. [22] The Visa Debit card was previously known as "Visa Delta" solely in the UK. [23]
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
April: The Ivanti Pulse Connect Secure data breach of unauthorized access to the networks of high-value targets since at least June 2020 via CVE-2021-22893 across the U.S. and some E.U. nations [additional citation(s) needed] [183] due to their use of vulnerable, proprietary software was reported. [184] [185]