Julius Baer chief sees Asia cornering a third of business

JULIUS BAER Group Ltd., Switzerland’s third-largest publicly traded private bank, sees Asia accounting for about a third of its business in the next five...

No relief for banks’ traders as bosses signal enduring client activity slump

WALL STREET executives had a worrisome message for investors this week: The lack of client activity that sunk trading results in the second quarter...

Breaking barriers to competitiveness

J. Albert Gamboa
The Financial Executives Institute of the Philippines (FINEX) will hold its 49th Annual Conference at the Fairmont Hotel in Makati City on Oct. 13. Organized...

TDF yields pick up as offer still undersubscribed

By Melissa Luz T. Lopez, Senior Reporter YIELDS under the term deposit facility (TDF) picked up yesterday as the trimmed auction volumes went undersubscribed, even as...

Cathay Life Insurance buys more RCBC shares

TAIWAN-BASED Cathay Life Insurance Co. Ltd. raised its stake in Rizal Commercial Banking Corp. (RCBC) this month as it bought new shares worth P416.397...

Peso slips ahead of data

THE PESO snapped its week-long rally versus the dollar as it resumed trading yesterday as sentiment towards the United States recovered, and ahead of...

Federal Reserve’s patient or preemptive clash looms as inflation fails to hit goal

FORMER Federal Reserve Chairman Alan Greenspan, in year nine of a US economic expansion, conceded in 1999 that patience was sometimes a better policy...

Portfolio outflows may reverse before yearend

By Melissa Luz T. Lopez, Senior Reporter THE PHILIPPINES could see more foreign capital entering the country in the coming months which could trim the outflows...

BPI, WorldRemit sign deal to improve money transfers

BANK of the Philippine Islands (BPI) has partnered with London-based firm WorldRemit to fast-track remittance transactions, with the country standing as the biggest market...

Australia takes aim at major banks

SYDNEY — Australia’s corporate regulator on Tuesday took aim at the nation’s four major banks, saying they suffer from “a lot of hubris” and...

Most Asian currencies weaken as North Korea concerns ease

MOST ASIAN currencies weakened on Tuesday as the US dollar strengthened for a second day as Hurricane Irma proved not as destructive as first...

Japan’s regional banks turn to private equity, hedge funds for returns

JAPAN’S regional banks are turning toward private equity, hedge funds and real estate in search of higher returns as regulatory concerns restrict ownership of...