MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has launched a formal probe on deposit funds from EastWest Banking Corp. taken by a staff who has gone missing. In a separate statement, the Gotianun-led lender confirmed the incident, but did not reveal the amount stolen by one of its female branch managers. On Thursday, shares in EastWest fell 1.15% to P10.36 each, bucking a positive mood in the main index. They have been informed that an internal investigation is ongoing and that we will credit back to their account the amount taken,” EastWest said. “The domestic banking system adheres to robust and globally-adherent regulations for managing risks, including operational and cybersecurity risks,” the bank said.

Source: Philippine Star January 14, 2021 14:15 UTC