UnionBank’s earnings decline in Q3

UNION BANK of the Philippines (UnionBank) saw its net profit decline in the third quarter, dragged by lower earnings from trading and other miscellaneous...

Most businesses believe digital payments improve financial standing

NEARLY all businesses in the Philippines believe the inclusion of digital payments in their business models improve their financial health, according to a survey...

Philippine Business Bank books lower net income in third quarter

PHILIPPINE Business Bank (PBB) posted lower earnings in the third quarter due to a decline in trading gains as well as higher expenses. In its...

UnionBank sees double-digit net income growth

By Melissa Luz T. Lopez, Senior Reporter UNION BANK of the Philippines (UnionBank) expects another double-digit expansion in its bottom line for this year, supported...

Peso may drop further after US GDP report

THE PESO could slide further this week and may even test the P52 level as the dollar strengthens further, driven by better-than-expected economic growth...

Yields on government debt mixed on Fed debate, ECB

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...

BDO, BPI not in talks to take control of RCBC

TWO of the country’s biggest banks said they are not currently in talks to buy a controlling stake in Rizal Commercial Banking Corp. (RCBC). In...

UCPB completes bank card, ATM migration to EMV standard

THE United Coconut Planters Bank (UCPB) has completed a process of upgrading bank cards and automated teller machines (ATMs) to a microchip-based technology, months...

BPI launches first tranche of LTNCTD issue

BANK of the Philippine Islands (BPI) said it began offering on Friday the first tranche of a long-term note issue worth P5 billion to...

AUB announces leadership changes effective 2018

ASIA United Bank Corp. (AUB) said President Abraham T. Co will assume the chairmanship of the bank effective next year. At the bank’s anniversary dinner...

BSP announces fresh deadline for turning in old bank notes

THE Bangko Sentral ng Pilipinas (BSP) said it will allow further replacements of old bank notes in response to public demand. The public now has...

Peso weakens slightly as ECB delays taper

THE peso was little changed on Friday, with sideways moves driven by profit-taking in the dollar and the European Central Bank (ECB)’s decision to...