HSBC trader’s conviction will echo through the $5-trillion FX market

GLOBAL CURRENCY traders and compliance officers who monitor them were put on high alert after a New York jury convicted a former HSBC Holdings...

Government fully awards P15 billion in Treasury bills

By Elijah Joseph C. Tubayan, Reporter THE GOVERNMENT fully awarded P15 billion in Treasury bills (T-bills) offered in Monday’s auction, while yields were relatively flat as...

Clearing house for electronic fund transfers expected to be launched in Nov.

By Melissa Luz T. Lopez, Senior Reporter BANKS and nonbank players are set to launch next month a new clearing house that will allow electronic fund...

Peso slips on Abe’s big win, lack of leads

THE PESO slid on Monday as it tracked the yen’s decline after Japan’s Prime Minister Shinzo Abe scored a big win in Sunday’s election,...

EastWest gives customers until Dec. 4 to claim new EMV cards

EAST WEST Banking Corp. (EastWest) has set a Dec. 4 deadline for clients to claim their microchip-embedded cards, well ahead of the deadline set...

Strong demand seen for T-bills

By Melissa Luz T. Lopez, Senior Reporter TREASURY BILLS (T-bills) on offer today are likely to see strong demand, with yields expect to move slightly higher...

Yields on gov’t securities up amid US developments

By Ranier Olson R. Reusora, Researcher TRADING in the local government securities (GS) showed limited movement last week as investors remained cautious over lack of leads,...

Peso to move sideways as investors await Fed pick

THE PESO is seen to move sideways this week as the market keeps a close eye on US President Donald J. Trump’s tax-cut plans,...

BSP income slips to P8.87B in 1st 8 months

THE Bangko Sentral ng Pilipinas (BSP) remained in the black as of end-August, although net profit slipped from a year ago on the back...

Banks’ lending standards mostly unchanged in Q3

BANKS kept their lending criteria largely steady during the third quarter, according to a central bank survey. Results of the Senior Bank Loan Officers’ Survey...

BSP renews ASEAN swap agreement

THE BANGKO Sentral ng Pilipinas (BSP), together with its regional counterparts, signed the sixth supplemental memorandum of agreement to renew the Assiociation of Southeast...

Financial technology firms form industry group

FINANCIAL TECHNOLOGY (fintech) firms have grouped up to push innovation and promote inclusive growth. On Sept. 27, fintech players established FintechAlliance.ph, an industry group composed...