Gov’t partially awards 7-year bonds
THE GOVERNMENT made a partial award of the fresh seven-year Treasury bonds (T-bonds) it auctioned off on Wednesday at a coupon rate higher than...
Value of basic deposit accounts rises to P12 billion at end-2022
MORE FILIPINOS opened basic deposit accounts (BDAs) in the fourth quarter of 2022, bringing the value of total deposits to P12 billion, the Bangko...
PBB books higher net profit in Q2
PHILIPPINE Business Bank, Inc. (PBB) saw its net income rise by 22.59% year on year in the second quarter.
The lender’s attributable net income stood...
Peso down as market awaits Fed decision
THE PESO weakened against the dollar on Wednesday on expectations of a rate hike from the US Federal Reserve overnight.
The local currency closed at...
Gov’t fully awards T-bills at lower rates
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Tuesday as rates went down across the board on strong...
BSP drafting report on digital banking sector
THE BANGKO SENTRAL ng Pilipinas (BSP) is drafting an industry report for digital banks that evaluates the six online lenders currently operating in the...
UBS agrees to pay $388M to regulators over Credit Suisse’s Archegos failings
ZURICH — UBS has been ordered to pay $388 million to British and US regulators over Credit Suisse’s dealings with private investment firm Archegos...
Peso climbs against the dollar
THE PESO appreciated against the dollar on Tuesday ahead of potentially weak US data due later this week.
The local currency closed at P54.55 versus...
Lender set to put up Islamic banking unit
ONE BANK has been cleared to put up an Islamic banking window in Mindanao this year, an official from the Bangko Sentral ng Pilipinas...
Bayad partners with BillEase
BAYAD has partnered with consumer finance app BillEase to allow customers to pay their bills on installment basis.
Billease users can pay their bills through...
ECB grapples with endgame for hikes a year after liftoff
A YEAR after the European Central Bank (ECB) began lifting interest rates, officials are thrashing out the final stages of what’s already their toughest-ever...
Cathay United Bank looking to expand in Southeast Asia
ONE of Taiwan’s largest lenders is shifting its business and hiring focus to Southeast Asia as its corporate clients in high-tech and textile manufacturing...