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...
Money laundering probe exposes Australian banks’ compliance flaws
HONG KONG/SYDNEY — A money laundering probe at Commonwealth Bank of Australia (CBA) is the latest in a slew of scandals denting the reputation...
T-bond rates to drop as concerns linger
TREASURY BONDS (T-bonds) on offer tomorrow will likely fetch flat to lower yields, as uncertainties linger at home and offshore amid geopolitical concerns.
The government...
Lenders set to merge under CPRB
By Melissa Luz T. Lopez,
Senior Reporter
GROUPS of rural banks based in Southern Luzon and Leyte will soon merge as bigger lenders under the government’s...
Yields on gov’t debt mixed as markets eye US, Europe
By Jochebed B. Gonzales,
Researcher
YIELDS on government securities (GS) ended mixed last week as market players remained watchful of the geopolitical tensions between the US...