PHL to face third round of evaluation on anti-money laundering safeguards
THE PHILIPPINES will undergo a third evaluation process to assess its compliance with global standards on safeguards against dirty money, the Anti-Money Laundering Council...
Demand shifts to BSP deposit facility’s longer tenors
By Melissa Luz T. Lopez
Senior Reporter
DEMAND for term deposits shifted towards longer tenors this week, pushing yields higher for some tenors as banks wanted...
Peso strengthens to P51:$1 level
THE PESO strengthened on Wednesday to return to the P51-per-dollar level following a wider trade deficit seen in February.
The local currency ended yesterday’s session...
Gov’t partially awards T-bills amid uptick in rates
By Karl Angelo N. Vidal
Reporter
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) offered on Monday, rejecting all bids for the longer...
BSP sees drop in peso rediscount facility availment
By Melissa Luz T. Lopez
Senior Reporter
BANKS KEPT availing of rediscount loans from the Bangko Sentral ng Pilipinas (BSP) in March, which went to support...
Security Bank begins P5-B LTNCD offer
SECURITY BANK Corp. on Tuesday said it started to offer at least P5 billion in long-term negotiable certificates of deposit (LTNCD), part of a...
Germany cheers for end to Deutsche Bank’s Goldman Sachs pursuit
DEUTSCHE BANK AG’s management upheaval may be the final blow to the embattled lender’s ambitions to go head-to-head with Goldman Sachs Group Inc. in...
Peso slightly strengthens vs dollar, touches P51 level
THE PESO slightly strengthened against the dollar on Tuesday, touching the P51 level intraday, due to weaker-than-expected jobs data in the United States.
The local...
UnionBank sees growth in retail banking
UNIONBANK of the Philippines (UnionBank) said that retail banking will continue to grow as more Filipinos enter the work force.
In an interview with BusinessWorld,...
AUB to launch QR-based digital payment system
ASIA UNITED Bank (AUB) is set to launch its own digital wallet to take advantage of its customer base.
Maria Magdalena V. Surtida, AUB vice-president...
Baht seen under pressure this year
A SEASONAL DOWNTURN in Thailand’s baht driven by dividend outflows and a lack of tourists could be worse than usual this year amid rising...
Sewing tapped to steer Deutsche Bank through chaos
THE ERA of investment bankers calling the shots at Deutsche Bank appears to be over.
Christian Sewing -- a three-decade veteran of the Frankfurt-based lender...