Credit Suisse reaps wealth management rewards
TIDJANE THIAM is reaping the rewards of Credit Suisse Group AG’s pivot to wealth management after the bank attracted new assets at the fastest...
Peso edges higher against dollar
THE PESO strengthened slightly against the dollar on Wednesday amid rising US Treasury yields.
The local currency ended the session at P52.31 against the greenback...
Gov’t partially awards T-bonds
THE GOVERNMENT yesterday made a partial award of reissued 20-year Treasury bonds (T-bonds) on Tuesday as lenders sought higher rates due to expectations on...
Digital transactions to boost economic expansion
By Melissa Luz T. Lopez, Senior Reporter
INCREASED digital transactions in the Philippines will provide a substantial boost to overall economic growth, the central bank...
PNB sees 13-14% growth
PHILIPPINE National Bank (PNB) intends to grow its net income by 13-14% this year on the back of the continued expansion of its core...
Banks’ push for Libor substitute gains pace on new Sonia
TARRED by a fixing scandal that struck at the height of the financial crisis, bankers and investors for years have been grappling with finding...
Peso drops further on US yields
THE PESO sank to a fresh one-month low on Tuesday as the dollar strengthened on the back of higher US Treasury yields.
The local currency...
Treasury makes partial award of T-bills as bids by banks increase
THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it offered on Monday, with investors preferring the shorter-dated papers and asking for...
Lenders, e-money issuers set up InstaPay platform
By Melissa Luz T. Lopez, Senior Reporter
BANKS and e-money issuers have set up a new clearing house for real-time fund transfers yesterday, with seven...
RCBC sells senior notes
RIZAL Commercial Banking Corp. (RCBC) will offer a second tranche of its unsecured fixed rate notes worth $150 million this week under its medium-term...
China bolsters lenders vs shadow industry
INVESTORS who pushed up Chinese bank shares last week on news of lower reserve requirements may have been celebrating too soon.
The subtext to Tuesday’s...
Peso sinks to one-month low vs dollar
By Melissa Luz T. Lopez, Senior Reporter
THE PESO plunged to a one-month low Monday, Apr. 23 as the dollar gained strength, propped up by...