Just as before the whole country goes into a long holiday break in observance of Lent, the online system of Union Bank of the Philippines was still down two days after the supposed end of migration of its Citi-branded accounts.
Bank of America Corp. (BA), the second-largest US-based financial holding company with global assets of $2.13 trillion, has directly outsourced its business support activities to the Philippines via a newly formed non-bank subsidiary.
