Fedcoin? The US central bank is looking into it
PALO ALTO, Calif. — The Federal Reserve is looking at a broad range of issues around digital payments and currencies, including policy, design and legal considerations around potentially issuing its own digital currency, Governor Lael Brainard said on Wednesday.
UnionBank to raise P5B via notes
UNIONBANK OF THE Philippines, Inc. is seeking to raise P5 billion through unsecured subordinated notes.
JPMorgan mulls return to FHA-backed loans
JPMORGAN CHASE & Co. may jump back into a US mortgage program that helps low-income Americans buy homes, mulling a return years after most banks pulled back from the business in frustration over billions of dollars in penalties.
HSBC overhauls Europe business’ management
HSBC Holdings Plc is overhauling the management of its struggling European business, weeks ahead of a strategic review across its global operations.
RBA looking to rid Visa, Mastercard of debit edge
SYDNEY — Australian regulators will consider intervening to stop banks from automatically directing “tap-and-go” card payments through the world’s largest payment processors Visa and Mastercard, Inc., the central bank said on Wednesday.
Must-read business books for 2020
By J. Albert Gamboa
As we move to a new decade, businessmen and professionals are developing their reading lists to propel them to the next level of success. Here are three books on corporate leadership and business wisdom that will serve as executives’ guides for expansion and evolution:
Peso climbs as equities rebound
THE PESO ended stronger against the greenback on Thursday as global equities and the local stock market continued to recover.
Demand for term deposits declines amid concerns
BIDS FOR THE central bank’s term deposits declined as investors were looking ahead to a possible rate cut at this week’s policy meeting and amid concerns related to the coronavirus outbreak.
Security Bank raises P2 billion via LTNCDs
SECURITY BANK Corp. has raised P2.07 billion via long-term negotiable certificate of deposits (LTNCDs), which will be used to diversify its funding sources and finance expansion plans.
Peso weakens vs dollar
THE PESO weakened on Wednesday with the market factoring in a possible rate cut this Thursday and on expectations of upbeat US non-manufacturing data.
BSP, Bank Indonesia may test cross-border retail payment linkages
THE BANGKO SENTRAL ng Pilipinas (BSP) and Bank Indonesia (BI) may consider going into a joint regulatory sandbox to test cross-border retail payment linkages following the central banks’ recently signed memorandum of understanding (MoU), according to BSP Governor Benjamin E. Diokno.
RBA keeps rate at record low
SYDNEY -- Australia’s central bank held its cash rate at record lows at its first meeting of the year on Tuesday and sounded doggedly optimistic even as markets bet devastating bushfires at home and a viral epidemic in China would force aggressive easing.