RCBC eyes ‘regular’ bond issues to stay present in debt markets
RIZAL COMMERCIAL Banking Corp. (RCBC) may issue dollar bonds early next year as it looks to tap both the offshore and domestic debt markets...
FMIC signs share purchase agreement with MET Holdings for its FAMI stake
FIRST METRO Investment Corp. (FMIC), the investment banking arm of Metropolitan Bank & Trust Co. (Metrobank), has signed the share purchase agreement for the...
High reinsurance costs push up nonlife premiums
NONLIFE INSURANCE premiums will have to rise by at least 20% to help offset the impact of higher reinsurance costs on firms’ profitability, an...
Finding a good manager
By Benel D. Lagua
A new study by Ben Weidman of Harvard Kennedy School and his co-authors sought to identify the causal contribution of managers to team performance....
Peso strengthens on inflows ahead of long weekend
THE PESO strengthened against the dollar on Thursday amid the seasonal increase of remittances ahead of the long weekend and expectations of softer US...
Yields on central bank’s term deposits go down
TERM DEPOSIT yields inched down on Wednesday on strong demand following the cut in banks’ reserve requirement ratios (RRR) and as markets remain cautious...
Metrobank’s FMIC to sell shares in asset management arm to ATRAM
FIRST METRO Investment Corp. (FMIC), the investment banking arm of Metropolitan Bank & Trust Co. (Metrobank), will sell its shares in First Metro Asset...
EastWest Bank books higher Q3 net income
EAST WEST Banking Corp. (EastWest Bank) saw its net income grow by 49% year on year to P2.3 billion in the third quarter, it...
Trader’s $10,000 spoofing profit haunts Nomura
AT 8:45 AM on a spring day in 2021, a Nomura Holdings, Inc. trader began a series of complex transactions over five hours on...
Peso inches up as market awaits US data, elections
THE PESO inched up against the dollar on Wednesday, with the market staying cautious before the release of key US data and the US...
Treasury bureau fully awards reissued bonds at lower rates
THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Tuesday at a lower average rate on the back of...
Metrobank net income rises to P12.12B in Q3
METROPOLITAN Bank & Trust Co.’s (Metrobank) net income rose by 11.35% in the third quarter amid higher revenues as it booked growth in both...