Gov’t makes full award of bonds
THE GOVERNMENT yesterday made a full award of reissued seven-year Treasury bonds (T-bonds) after bids by banks declined and fell within market expectations amid...
BSP requires money service businesses to tighten internal controls
THE CENTRAL BANK has required money changers and remittance agents to set up internal control systems and follow stricter rules on record-keeping, as the...
Peso weakens further
THE PESO continued to slump against the greenback amid strong appetite for the dollar on the back of positive sentiment from upbeat key US...
PSBank net income inches higher in first semester
PHILIPPINE SAVINGS Bank (PSBank) reported nearly flat earnings in the first half of the year, driven by a double-digit rise in its core income.
In...
Pag-IBIG housing loans rise in first half
GOVERNMENT-RUN Home Development Mutual Fund or Pag-IBIG Fund reported a double-digit growth in its housing loans in the first six months of the year,...
Metrobank earnings climb in 2nd quarter
By Melissa Luz T. Lopez,Senior Reporter
METROPOLITAN BANK & Trust Co. (Metrobank) saw its net income climb during the second quarter, driven by double-digit increases in both commercial and retail...
UCPB income rises 12% in first half
UNITED COCONUT Planters Bank (UCPB) saw its bottom line grow double digits in the first semester on the back of strong consumer loans, it...
Peso down on strong jobs data
THE PESO weakened versus the dollar yesterday due to better-than-expected jobs data in the United States, as market players anticipated fresh hints from the...
China’s bank regulator lets crackdown deadline slip due to stability concerns
BEIJING/SHANGHAI -- China’s banking regulator has extended by two months a June deadline for banks to submit risk assessments over concerns it was putting...
BoJ’s silence on side effects of easing adds risk
THE Bank of Japan (BoJ) is adding to the risks of its aggressive monetary easing policies by discussing only their potential upside, according to...
Treasury bonds to fetch lower yields on demand
By Melissa Luz T. Lopez
Senior Reporter
TREASURY BONDS (T-bonds) on offer this week would likely see yields trend lower amid strong demand, with the government...
BSP says no extension for Sept. 30 deadline for banks’ multi-factor authentication shift
THE CENTRAL BANK will not extend the end-September deadline for banks and credit card issuers to adopt tighter standards for client verification, as the...