PBCom posts higher income in Q2
PHILIPPINE Bank of Communications (PBCom) saw its net income grow sixfold during the second quarter on the back of strong loan growth and one-off...
Insurers’ premiums up in 1st half
THE INSURANCE INDUSTRY recorded a double-digit growth in total premiums in the first half, rebounding from the previous year’s figures, on the back of...
Laguna thrift bank closed
THE Bangko Sentral ng Pilipinas (BSP) has shuttered a thrift bank based in Laguna, marking the sixth lender to be ordered closed this year.
In...
PSBank relocates two branches
PHILIPPINE SAVINGS Bank (PSBank) has relocated two of its branches in a bid to tap more of its customers, it announced in a statement...
Yields on Treasury bills to move sideways on geopolitical issues
TREASURY BILLS (T-bills) on offer today may receive mixed bids from sentiment-driven market players amid geopolitical tensions between the United States and North Korea...
BPI eyes increased use of digital banking platforms
By Melissa Luz T. Lopez,
Senior Reporter
BANK of the Philippine Islands (BPI) wants to get more clients to use digital banking platforms to improve efficiency...
Peso seen sideways ahead of Fed
THE PESO may trade sideways against the greenback this week on the back of softer US inflation as well as bets of upbeat key...
Yields inch up on US data
YIELDS on government securities (GS) went up last week on the back of better-than-expected US jobs data, which increased the possibility of another US...
Draghi calm as ECB tracks euro, inflation
IF MARIO DRAGHI is worried about the strength of the euro, he’s hiding it well for now.
The European Central Bank (ECB) president has shirked...
People’s Bank of China looks to boost joint oversight of key financial firms
CHINA’S CENTRAL BANK said it will step up coordinated oversight of systemically important financial institutions, another step toward defusing risk before a gathering of...
BDO issue of LTNCDs oversubscribed, raising P11.8-B
BDO Unibank, Inc. (BDO) said it raised P11.8 billion from its long-term negotiable certificates of deposit (LTNCD), more than twice the original offer size...
RCBC lists LTNCDs on PDEx
RIZAL COMMERCIAL Banking Corp. (RCBC) said it listed about P2.5 billion worth of long-term negotiable certificates of deposit (LTNCDs) on the Philippine Dealing &...