BDO posts flat net income in first semester
BDO UNIBANK, Inc. (BDO) saw a flat bottom line in the first half of the year, with earnings driven by an increase in its...
Peso rises ahead of US payrolls report
THE PESO opened the week higher versus the dollar ahead of key US labor data to be released on Friday and as investors focused...
Banks extend more loans to small businesses
BANKS extended more loans to small businesses during the first quarter, latest data showed, with the central bank pushing lenders to offer more digital...
Rates of Treasury bills seen sideways after FOMC meet
YIELDS on Treasury bills (T-bills) on offer today are expected to move sideways across the board as investors turn cautious ahead of the US...
Yields on government securities climb as Fed hints on balance sheet reduction
By Mark T. Amoguis, Researcher
YIELDS on government securities (GS) inched upward last week after the Federal Reserve maintained its key policy rates, with the US central bank expecting...
Peso to weaken after strong US GDP data
THE PESO may move sideways versus the dollar this week after the US economy grew faster in the second quarter and amid bets of...
DBP, Pag-IBIG ink deal to digitize collection, services
STATE-RUN Home Development Mutual Fund or Pag-IBIG Fund has tapped Development Bank of the Philippines’ (DBP) electronic banking channels in a bid to hasten...
Fresh scandal hits Wells Fargo
WELLS FARGO & Co. is back to being a punching bag on Capitol Hill.
Revelations that the lender may have charged more than 500,000 people...
Peso flat amid dollar weakness; awaiting US GDP data
THE PESO ended the week little changed in quiet trading and as global markets await the release of key US economic data, traders said.
The...
More banks shifting to one-day check clearing
By Melissa Luz T. Lopez,Senior Reporter
LENDERS have generally been able to adopt the one-day clearing for checks, although the central bank wants a faster processing time to make funds...
EastWest Bank gives clients until July 31 to claim new EMV cards
EAST WEST Banking Corp.’s (EastWest Bank) clients only have until next week to switch their magnetic strip cards to microchip-enabled ones, with the lender...
Peso climbs after FOMC
THE PESO rebounded against the greenback on Thursday on the back of dovish remarks from the US Federal Reserve, which reduced chances of another...