BSP signs cooperation agreement with Czech central bank

THE Bangko Sentral ng Pilipinas (BSP) has signed a memoradum of understanding (MoU) on cooperation with the Czech National Bank covering information exchange and regulatory cooperation.

Goldman Sachs answers investor demands on consumer business

GOLDMAN SACHS Group, Inc. unveiled details about its consumer business for the first time on Tuesday and will start disclosing its results regularly as part of a broader reporting-line shuffle, responding to long-standing requests for more transparency from analysts and investors. The changes are part of Chief Executive Officer David Solomon’s efforts to get Goldman in line with rivals like JPMorgan Chase & Co. and Citigroup that have bigger consumer businesses and share more information with investors.

Yields on government debt end flat

YIELDS ON government securities (GS) ended flat last week after the Bangko Sentral ng Pilipinas (BSP) said it will keep an accommodative policy over the next two years as well as the recent outcome of the retail Treasury bond (RTB) offering.

Gov’t debt yields end flat

YIELDS on government debt securities ended flat last week amid a lack of catalysts in the local market.

E-wallet YouTrip ties up with Visa as it looks to enter PHL mart

SINGAPORE-BASED mobile wallet YouTrip inked a deal with Visa, Inc. to boost its expansion into the rest of Southeast Asia, including the Philippines and Malaysia.

Peso declines further on US GDP data

THE PESO finished the week lower against the dollar yesterday amid a quiet trading session due to upward-revised US economic growth in the second...

Fed chief Powell’s policy signals get lost in translation

THERE’S WHAT you think you said. There’s what you actually said. And perhaps most importantly for the steward of the world’s largest economy, there’s what people heard.

Banking deals heat up in eastern Europe

EUROPEAN BANKS are vying for dominance in one of the continent’s most dynamic corners.

Term deposit yields drop

YIELDS ON term deposits continued to decline amid steady demand as the central bank placed a higher volume on the auction block, resuming its offering of the month-long tenor after several weeks.

Coronavirus threatens Deutsche Bank’s recovery

FRANKFURT — Deutsche Bank’s cancellation of its 150th anniversary ceremony is not the only celebration that Germany’s biggest bank is having to shelve as a result of the coronavirus outbreak.

Yields on seven-day term deposits slip further

YIELDS ON the central bank’s term deposit facility (TDF) continued to slip amid higher bids and after slower inflation in April.

M3 growth slows in July to 14.5%

Money supply growth decelerated in July as the slowdown in economic activity continued following the easing of coronavirus disease 2019 (COVID-19) lockdown. Domestic liquidity or...