Seven insurers to halt operations
SEVEN INSURANCE companies voluntarily surrendered their licenses to operate after failing to meet the minimum net worth requirement of the Insurance Commission (IC).
In a...
RCBC net income climbs 11.4% to P4.3B in 2017
RIZAL COMMERCIAL Banking Corp.’s (RCBC) net income climbed in 2017 on the back of growth across its business segments.
In a disclosure to the local...
UCPB posts higher profit on core businesses’ growth
UNITED COCONUT Planters Bank (UCPB) saw higher net earnings in 2017 as income from its businesses grew across the board.
In a statement sent to...
BSP eyes ‘enabling’ rules on sustainable finance
THE Bangko Sentral ng Pilipinas (BSP) will stick to “enabling” rather than prescriptive rules on sustainable finance, as the regulator eyes to promote “flexible”...
Peso nears P52-per-dollar level
THE PESO dropped further against the dollar on Tuesday, breaching the P52 level intraday, ahead of the release of US January inflation data.
The local...
Gov’t partially awards T-bills as rates rise
THE GOVERNMENT made a partial award of the P20 billion it planned to raise through the auction of Treasury bills (T-bills) yesterday as yields...
Global Crypto Hub starts operations
By Melissa Luz T. Lopez,
Senior Reporter
BANGKOK-BASED Global Crypto Hub has started operations in the Philippines, with plans to dangle an initial coin offering (ICO)...
Rediscount facility untapped
THE REDISCOUNT WINDOW offered by the Bangko Sentral ng Pilipinas (BSP) stood untapped in January amid ample money supply held by banks, just as...
Deutsche Bank to focus on graduate recruitment in bid to revive equities unit
PETER SELMAN, hired out of retirement by Deutsche Bank AG to turn around Wall Street’s worst-hit equities business, wants to tap universities rather than...
UBS increases Asia bonus pool
UBS GROUP AG boosted the 2017 bonus pool for its investment bankers in the Asia-Pacific region by about 6%, reflecting a rebound in dealmaking...
Peso plunges to 11-year trough
THE PESO plunged to an 11-year low against the dollar on Monday even as equity markets corrected amid hopes for the US Federal Reserve...
Two-week term deposits on offer this week amid investor demand
By Melissa Luz T. Lopez,
Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) will start offering two-week term deposits this week in response to “strong interest”...