Citigroup said to choose Frankfurt as EU hub
CITIGROUP, Inc. has chosen Frankfurt as its newest trading hub in the European Union and plans to present that option to its board of...
Gov’t partially awards T-bills as investors ask for higher returns
THE GOVERNMENT saw mixed results at its Treasury bills (T-bills) auction yesterday, raising only P7.7 billion out of the planned P15-billion borrowing, after returns...
China Bank pays term loan ahead of schedule
CHINA BANKING Corp. (China Bank) has fully paid its $158-million multi-year syndicated term loan facility, a year ahead of the deal’s maturity.
In a disclosure...
Peso sinks to fresh 10-year low vs dollar
THE PESO opened the week lower against the dollar, plunging to its weakest level in over a decade, amid market appetite for the foreign...
Thrift lenders post higher NPLs as of May
BAD DEBTS held by thrift banks increased in May to match the rise in total lending, latest central bank data showed, driven by upbeat...
BPI-Philam banks on rising population, incomes to drive 2017 premium growth
BPI-PHILAM Assurance Corp. (BPI-Philam) is looking to ride on the country’s expanding consumer and middle class market and the growing population to drive its...
Yuan set for longest run since 2015 on GDP
THE onshore yuan rose for the sixth day in a row, the longest run of gains since 2015, boosted by a stronger central bank...
T-bills likely to fetch higher rates
TREASURY BILLS (T-bills) on offer today are expected to fetch higher yields across the board, tracking the direction of US Treasuries and offshore oil...
Yields mixed after Yellen
Yield Tracker
YIELDS on government securities (GS) ended mixed last week following dovish comments from US Federal Reserve Chair Janet L. Yellen and upbeat data...
Peso may rebound after weak US reports
THE PESO may gain against the dollar this week after US inflation came out weaker than expected and hawkish bets on the European Central...
Banks told to ‘keep pace’ with fintech
BANKS and similar firms must “keep pace” with emerging financial technology (fintech) in the face of rising competition, the country’s central bank chief said,...
Bangko Sentral expands allowed investments for trust firms’ funds
By Melissa Luz T. Lopez, Senior Reporter
TRUST FIRMS will soon be allowed to invest pooled funds in more instruments under new rules released by...