PHL banks to continue expanding in 2017, 2018
By Janine Marie D. Soliman,
Reporter
THE PHILIPPINE banking industry is expected to continue growing this year and next, driven by the sector’s low interest rates,...
Peso continues to climb
THE PESO continued to strengthen against the dollar on Wednesday ahead of the Jackson Hole Economic Policy Symposium amid the absence of catalysts offshore and at...
RCBC Savings Bank posts higher profit in first half
RCBC SAVINGS Bank, the thrift banking arm of Rizal Commercial Banking Corp. (RCBC), booked higher earnings in the first six months of the year,...
Market rallies imperiled as business cycle peaks
HSBC HOLDINGS Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a...
Gov’t makes full award of 10-year bonds
By Janine Marie D. Soliman,
Reporter
THE GOVERNMENT made a full award of reissued 10-year Treasury bonds (T-bonds) on Tuesday on the back of strong investor...
Big banks’ NPL ratio dips at end-June
BAD DEBTS held by big banks stood somewhat steady in June even as loans surged by a fifth, latest central bank data showed, which...
Peso climbs on BSP intervention
THE PESO started the week stronger versus the greenback, erasing a near 11-year low logged the previous session, after it tracked regional peers and...
HSBC currency conspiracy may have involved 11 bank employees
A FOREIGN EXCHANGE front-running scheme at HSBC Holdings Plc may have involved at least 11 bank employees beyond the two executives who have been...
India wields name and shame strategy
INDIA’S regulator is putting a spotlight on dealings between banks and troubled borrowers by requiring listed companies to report within one working day missed...
Stable marts revive push for outbound investor plan
IN THE LATEST SIGN that China is regaining control of outflows and confidence in market stability, talk of a plan to expand individuals’ investment...
Rollout of OFW bank pushed back to next year
THE ESTABLISHMENT of President Rodrigo R. Duterte’s promised bank for overseas Filipino workers (OFWs) will be pushed back to January next year due to...
Bangko Sentral monitoring crowdfunding platforms
By Melissa Luz T. Lopez,
Senior Reporter
The Bangko Sentral ng Pilipinas (BSP) is not yet keen on imposing rules on crowdfunding as the platform remains...