RCBC Savings Bank posts higher profit in first half

RCBC SAVINGS Bank, the thrift banking arm of Rizal Commercial Banking Corp. (RCBC), booked higher earnings in the first six months of the year,...

Market rallies imperiled as business cycle peaks

HSBC HOLDINGS Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a...

Gov’t makes full award of 10-year bonds

By Janine Marie D. Soliman, Reporter THE GOVERNMENT made a full award of reissued 10-year Treasury bonds (T-bonds) on Tuesday on the back of strong investor...

Big banks’ NPL ratio dips at end-June

BAD DEBTS held by big banks stood somewhat steady in June even as loans surged by a fifth, latest central bank data showed, which...

Peso climbs on BSP intervention

THE PESO started the week stronger versus the greenback, erasing a near 11-year low logged the previous session, after it tracked regional peers and...

HSBC currency conspiracy may have involved 11 bank employees

A FOREIGN EXCHANGE front-running scheme at HSBC Holdings Plc may have involved at least 11 bank employees beyond the two executives who have been...

India wields name and shame strategy

INDIA’S regulator is putting a spotlight on dealings between banks and troubled borrowers by requiring listed companies to report within one working day missed...

Stable marts revive push for outbound investor plan

IN THE LATEST SIGN that China is regaining control of outflows and confidence in market stability, talk of a plan to expand individuals’ investment...

Rollout of OFW bank pushed back to next year

THE ESTABLISHMENT of President Rodrigo R. Duterte’s promised bank for overseas Filipino workers (OFWs) will be pushed back to January next year due to...

Bangko Sentral monitoring crowdfunding platforms

By Melissa Luz T. Lopez, Senior Reporter The Bangko Sentral ng Pilipinas (BSP) is not yet keen on imposing rules on crowdfunding as the platform remains...

Peso seen sideways ahead of US reports

THE PESO will likely trade sideways versus the greenback this week amid geopolitical noise offshore and bets of softer key US economic reports. The peso...

SSS eyes to tap insurance firms to cover liabilities as costs rise

SOCIAL SECURITY System (SSS) is eyeing to tap the private sector to insure some of the state-run firm’s liabilities, as its expenditures continue to...