Term deposits undersubscribed amid bigger volume
By Melissa Luz T. Lopez, Senior Reporter
YIELDS on term deposits climbed yesterday as the central bank’s bigger offering was met with tepid demand.
Banks only...
Peso declines on trade war fears
THE PESO plunged anew against the dollar on Wednesday due to President Donald J. Trump’s statement on the trade talks between Washington and China.
The...
Gov’t raises P4 billion via bonds
THE GOVERNMENT partially awarded the 10-year Treasury bonds (T-bonds) it offered on Tuesday, with yields continuing to rise, as the market still prefer short-dated...
AUB consolidated income climbs
ASIA UNITED Bank Corp. (AUB) reported its consolidated net income went up in the first quarter on the back of double-digit growth in its...
PSBank to offer LTNCDs
PHILIPPINE Savings Bank (PSBank) plans to raise up to P15 billion by selling peso-denominated long-term negotiable certificates of time deposit (LTNCD).
In a disclosure to...
Thrift banks’ non-performing loans rise at end-March
SOURED DEBTS held by thrift banks picked up anew in March to outpace the growth in total loans, latest data from the Bangko Sentral...
Treasuries signal bearish era
FOR global markets, it’s back to life, back to reality.
As the Treasury selloff kicks off in earnest, Citigroup Inc. says investors should prepare for...
Wells Fargo to boost auto loans
WELLS FARGO & Co. Chief Executive Officer Tim Sloan said the firm is ready to increase lending for car sales after pulling back last...
Peso rebounds on profit taking
THE PESO bounced back against the dollar on Tuesday due to profit taking following the local currency’s previous low.
The local unit closed at P52.195...
T-bills partially awarded
By Melissa Luz T. Lopez, Senior Reporter
THE GOVERNMENT opted for a partial award of the P15 billion worth of Treasury bills (T-bills) it offered...
Fintech to improve rural lenders’ reach
TAPPING digital solutions will help rural banks to extend more loans to farmers, as it would eliminate logistical woes that limit access to formal...
UnionBank sets up blockchain bank network
UNION BANK of the Philippines (UnionBank) is set to launch a clearing system that connects rural banks through blockchain technology.
Dubbed as Project i2i which...