BSP reminds banks on controls vs operation risk
By Melissa Luz T. Lopez,Senior Reporter
THE CENTRAL BANK will be reminding financial firms of existing rules on employee rotation and internal checks and balances, in light of a P900-million...
Peso strengthens ahead of Fed decision
THE PESO recovered yesterday to a near two-week high as investors grew optimistic following the better-than-expected outcome of President Rodrigo R. Duterte’s latest State...
BPI merges thrift banks into new microfinance subsidiary
AYALA-LED Bank of the Philippine Islands (BPI) has rolled out BPI Direct BanKo, Inc. (BanKo), its microfinance subsidiary, in a bid to tap the...
Bank of Japan policy makers contest disclosure of QE exit strategy impact
TOKYO -- Bank of Japan (BoJ) policy makers contested how much information to disclose about a possible exit from quantitative easing (QE), with several...
BSP to hold rates despite faster growth in credit, money supply
By Melissa Luz T. Lopez,
Senior Reporter
THE CENTRAL BANK would not have to tighten interest rates amid sustained double-digit growth in money supply and bank...
Fed now faces prospect of global tightening
WASHINGTON -- Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets...
Peso weakens ahead of SONA, Fed policy meet
THE PESO opened the week lower versus the greenback on Monday as market players stayed on the sidelines ahead of President Rodrigo R. Duterte’s...
Former PSE chief to head ING Bank N.V.’s local unit
ING BANK N.V. has appointed the former chief of the Philippine Stock Exchange (PSE) to be the Country Manager and Head of Clients of...
Cash-rich start-ups pose digital coin quandary
NEW YORK -- US venture capital (VC) firms lining up for a slice of the burgeoning digital currency market are grappling with a novel...
Yield on 20-year Treasury bonds seen sideways
TREASURY BONDS (T-bonds) on offer tomorrow are expected to fetch mixed returns amid expectations of strong investor appetite for longer-termed papers and bets of...
Peso may weaken ahead of Fed
THE PESO is likely to weaken this week as bets of another Federal Reserve rate hike this year may be reaffirmed during its policy...
IC requests BSP help for UCPB-Provident probe
THE Insurance Commission (IC) has asked the central bank to help investigate the United Coconut Planters Bank (UCPB) for alleged negligence in protecting the...