East West Bank pres. Tony Moncupa:
“We are suspending work for today due to the floods. Please note that this is a general directive. Specific units, especially those customer facing units, may issue additional guidelines and specific instructions. There is no Clearing, and therefore no Trading in foreign exchange and fixed income.
The international markets are not flooded and will be opened. Those with international related work (remittance, international settlements) should take note and keep skeletal force to ensure that these will proceed.
Those who are not affected like the provincial areas must be continue to attend to their customers.
Please follow Business Continuity guidelines. We may not need the full complement but we need to attend to our customers.
Those who are in critical operations should ensure that we have at least a skeletal force in place.”