Market Inquiry: Interbank Electronic Fund Transfer The proposed merger of BancNet, Incorporated and the Philippine Clearing House Corporation is currently being reviewed by the Mergers and Acquisitions Office of the Philippine Competition Commission. The review entails assessing the impact to competition of the merger, the merged entity’s ability and incentive to increase fees, lower the… continue reading ››
Market Inquiry: Retail Banking Services The Philippine Competition Commission (PCC) is seeking your views in relation to the proposed acquisition by UnionBank of the Philippines (UnionBank) of certain assets of Citibank N.A., Philippine Branch (Citibank) and Citi Square Building Corporation, and shares in Citicorp Financial Services & Insurance Brokerage Philippines, Inc. (Transaction). In particular,… continue reading ››