UBS GROUP AG started a sweeping round of job cuts at its global wealth management unit in Europe and Asia, targeting dismissals across-the-board as new co-head Iqbal Khan seeks to make his mark on the business.

ASIA’S SUPER RICH suddenly have lots of time on their hands.

THE REHABILITATION of Marawi can be supported by the establishment of Islamic lenders and banking units that have Shariah compliant mechanisms as this can aid small businesses and build infrastructure in the war-torn area, an official of the Bangko Sentral ng Pilipinas (BSP) said.

UNION BANK of the Philippines (UnionBank) said it will meet the central bank’s June 30, 2018 deadline to become fully compliant with the Europay, Mastercard and...

THE PESO traded sideways on Monday as it consolidated below P50 trading level amid the lack of fresh leads. The local currency closed at P50.905...

By Melissa Luz T. Lopez, Senior Reporter DEMAND for term deposits recovered yesterday even as bids for the one-month tenor failed to fill the amount...

LOCAL DEBT YIELD performance was mixed last week, with recent developments in the US and Europe continuing to influence government securities (GS) trading. GS yields...

YIELDS FETCHED for term deposits continued to fall this week, even as demand softened ahead of next week’s holiday break.

DENVER — Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act “as appropriate” amid an economy that he said is likely to continue to expand.

THE PESO weakened against the dollar on Thursday on expectations that the central bank will keep benchmark interest rates untouched at record lows.

SINGAPORE and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts...

PHILIPPINE Savings Bank (PSBank) saw its net income climb in 2017 on the back of the strong performance of its core revenues. In a statement...