Peso rallies as stocks rebound
THE PESO continued to rally against the dollar on Wednesday, Feb. 7, on the back of the rebound in the local bourse as well...
Gov’t rejects all bids for T-bonds
THE GOVERNMENT rejected all bids for fresh seven-year Treasury bonds (T-bond) on offer yesterday as banks factored into their bids the faster January inflation...
PDIC repeals rule excluding outstanding dues from closed banks’ insured deposits
THE Philippine Deposit Insurance Corp. (PDIC) has repealed a rule requiring closed banks to deduct outstanding dues of an account holder before computing insured...
Draghi says European Central Bank can’t yet declare inflation fight victory
MARIO DRAGHI said that the European Central Bank (ECB) still can’t claim success in the struggle to restore inflation, and defended its policies from...
FX hedges get expensive as central banks tighten
INVESTORS looking for safeguards against emerging risks in the placid foreign exchange (FX) market may want to act now -- before global central banks...
Peso rebounds amid BSP rate hike bets
THE PESO strengthened slightly against the dollar on Tuesday as the faster inflation print last month increased the probability of a rate hike by the Bangko...
Smaller lenders seen equipped to meet new liquidity standards
By Melissa Luz T. Lopez,
Senior Reporter
SMALLER BANKS are well-equipped to meet new liquidity standards the central bank is looking to impose on them, parallel...
BPI net income climbs
BANK of the Philippine Islands (BPI) booked slightly higher net earnings in 2017 driven by the growth of its net interest income.
In a disclosure...
Security Bank net profit up 20% to P10.3 billion
SECURITY BANK Corp. posted a higher net income in 2017 driven by growth across its business segments.
In a disclosure to the local bourse on Monday,...
Fed sanction puts brakes on Wells Fargo’s growth
BOSTON -- The Federal Reserve’s surprise ban on Wells Fargo & Co. growing its balance sheet comes at a difficult juncture for the United States’...
Peso drops on US data
THE PESO slipped on Monday as the dollar strengthened on the back of upbeat US economic data released on Friday.
The local currency ended yesterday’s...
Security Bank posts higher net profit in 2017
Security Bank Corp. saw an increase in its net income in 2017 driven by growth across its business segments.
Based on a disclosure to the...