Security Bank’s ratings affirmed
MOODY’S INVESTORS Service has affirmed its investment-grade rating for Security Bank Corp., also maintaining its “stable” outlook.
Veloso steps down as president of HSBC Philippines
HSBC (Philippines), Ltd. said its president and chief executive officer Jose Arnulfo “Wick” A. Veloso has stepped down from his position.
Peso books slight gains vs dollar ahead of low-level US-China talks
THE PESO strengthened slightly against the dollar on Monday as markets await the minutes of the latest meeting of the US Federal Reserve and trade talks between Washington and Beijing.
T-bills to fetch lower rates
TREASURY BILLS (T-bills) on offer today will likely fetch lower rates on the back of strong demand for papers in the short end of the curve amid excess liquidity in the market.
Platform firms, online marketplaces biggest competition faced by lenders
PLATFORM COMPANIES and online marketplaces are the biggest competition faced by banks, an industry expert from IBM said, noting players need to look beyond banking to keep profits afloat.
Peso likely to strengthen
THE PESO will likely strengthen on Monday, with the dollar seen to depreciate as risk appetite improves following positive developments in the trade relations between the United States and China.
Rural bank, thrift bank ordered shut
THE CENTRAL BANK shut down two small lenders last week in keeping with its mandate of policing the financial system to “weed out” weak players.
Yields on government debt end flat amid lack of leads
YIELDS ON government securities traded sideways last week on client-driven demand, with some investors tracking foreign exchange amid lack of domestic catalysts.
UCPB first-half profit little changed on increased provisions
UNITED Coconut Planters Bank (UCPB) said net profit was flat in the first half with operating income growth tempered by higher provisioning for loan losses.
Security Bank may go branch-lite for underserved areas
SECURITY Bank Corp. is considering establishing more branch-lite units to expand its network to untapped and unbanked areas.
Peso firms in thin trading as US, China resume trade talks
THE peso firmed against the dollar on Friday as the announcement of trade talks between China and the United States next week encouraged some risk-on sentiment on the market, though trading came in a narrow range and volume declined.
BSP books higher net income in first semester
THE BANGKO SENTRAL ng Pilipinas (BSP) saw its bottom line surge during the first semester, boosted by sizeable gains from currency trading at a time of a weaker peso.