ING launches account for electronic payments
DIGITAL mobile lender ING Bank N.V. Manila launched on Tuesday an account for electronic payments for bills and retail purchases.
Former Goldman Sachs banker says he warned bosses about Jho Low, IMDB
FORMER Goldman Sachs Group, Inc. banker Roger Ng asked for the foreign bribery case against him to be dismissed, saying he “warned” the bank not to do business with Malaysian financier Jho Low.
Credit Suisse to take $450-M charge on stake in York Capital
CREDIT SUISSE Group AG expects to book a $450-million impairment charge on its stake in York Capital Management as the US firm winds down most of its hedge fund strategies.
Peso strengthens on vaccine news
THE PESO strengthened versus the dollar on Tuesday after drug firm AstraZeneca and its partner University of Oxford claimed their vaccine can be 90% effective.
Gov’t fully awards offer of T-bills
THE GOVERNMENT made a full award of Treasury bills (T-bills) it offered on Monday as yields declined across the board on the back of ample liquidity among investors and the central bank’s surprise rate cut last week.
PHL banks to face asset quality risks until next year — Fitch
Philippine banks will struggle with risks to asset quality going into the first half of 2021, Fitch Ratings said.
BSP lays out proposed liquidity management rules for Islamic banks
THE BANGKO SENTRAL ng Pilipinas (BSP) has released proposed guidelines for the management of liquidity risks by Islamic banks and banking units for Shariah-compliant instruments.
UnionBank offers dual-tranche bonds
UNIONBANK of the Philippines, Inc. is offering dual-tranche bonds to raise at least P3 billion in fresh funds.
Peso rises on BSP decision, vaccine hopes
THE PESO strengthened versus the dollar on Monday after the central bank’s decision to cut rates and on the continued progress in vaccine candidates against the coronavirus disease 2019 (COVID-19).
T-bill rates seen moving sideways
RATES OF the Treasury bills (T-bills) on offer this week may inch down or remain unchanged on the back of high liquidity among investors and the central bank’s latest rate cut.
Yields on government debt inch down on surprise cut
YIELDS ON government securities (GS) edged lower last week after the central bank’s surprise move to bring down borrowing costs to fresh record lows amid a sluggish economic backdrop.
Peso may climb vs the dollar on BSP easing, vaccine news
THE PESO may strengthen against the dollar this week after the central bank cut borrowing costs anew and on continued progress in trials for coronavirus disease 2019 (COVID-19) vaccine candidates.