Yields on government debt climb following central bank rate hike
By Carmina Angelica V. Olano
YIELDS on government securities (GS) traded in the secondary market rose slightly last week on demand following the highly anticipated...
Morgan Stanley, Deutsche Bank derivatives legal battle heats up
A LEGAL BATTLE is heating up over scraps of a synthetic securitization structured before the global financial crisis, highlighting risks in derivatives trades that...
German online bank uses Bitcoins to transfer loans
BERLIN -- German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin.
Bitbond uses cryptocurrencies...
BSP forms new unit as part of reorganization
By Melissa Luz T. Lopez, Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) will introduce a new unit in the bank as part of its...
RCBC net income up 13% in 1st quarter
RIZAL Commercial Banking Corp. (RCBC) reported its net income went up 13% in the first quarter supported by robust loan growth and reduction in...
Peso falls vs US dollar after BSP rate hike
THE peso dropped against the dollar on Friday following the “dovish” remarks from the Bangko Sentral ng Pilipinas (BSP), which raised interest rates for...
Treasury may trim offer of one-year securities
THE BUREAU of the Treasury (BTr) will “revisit” its offer volume for the one-year government securities amid weak demand.
Deputy Treasurer Erwin D. Sta. Ana...
Banks’ rediscount borrowings climb to P615M at end-April
BANKS SECURED fresh rediscount loans from the Bangko Sentral ng Pilipinas (BSP) last month, largely to fund commercial lending and capital expenses.
Total availments under...
Cooperate, coordinate, collaborate
By Reynaldo C. Lugtu, Jr.
“Cooperate, coordinate, and collaborate” — this is the call of President Duterte to small nations to implement to attain prosperity for all, during the...
Peso climbs ahead of BSP decision
THE PESO strengthened against the dollar on Thursday in anticipation of the Bangko Sentral ng Pilipinas’ (BSP) tightening move.
The peso ended the session at...
Strong demand drives TDF yields down
By Melissa Luz T. Lopez, Senior Reporter
BANKS CROWDED shorter tenors during this week’s auction of term deposits, driving yields down ahead of an expected...
LANDBANK income up 52%
Land Bank of the Philippines (LANDBANK) saw its net income surge in the first quarter, supported by strong growth in loans.
The state-run lender said...
