HSBC sticks to plan for Asia wealth hiring after exits of key executives
HSBC HOLDINGS Plc is sticking with hiring plans for its wealth business in Asia following the surprise exit of two senior executives who pushed for the strategy.
Record-high reserves to boost peso, liquidity
THE RECORD-HIGH level of dollar reserves held by the central bank will bode well for the local unit’s strength versus the dollar and for liquidity, according to economists.
IMF warns Asia central banks on being ‘overly dependent’ on Fed
CENTRAL BANKS in the Asia and the Pacific region should focus on controlling inflation and avoid setting policy based on the US Federal Reserve’s...
Bangko Sentral requires lenders to disclose strategies for rate risks
THE CENTRAL BANK’S policy-setting body Monetary Board laid out additional disclosures required under the Risk-Based Capital Adequacy Framework for the Philippine Banking System on interest rate risk in the banking book (IRRBB) for both lenders and quasi-banks (QBs).
Treasury bill, bond rates may be mixed as market eyes BSP meet
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could end mixed to track secondary market yield movements amid...
Peso strengthens against the dollar as gov’t anticipates arrival of more vaccines
THE PESO strengthened further against the greenback on Wednesday following the government’s announcement that AstraZeneca vaccines will arrive in the country on Thursday.
Philippines pushes to expand bond market with $9 debt offer
THE PHILIPPINES is ramping up the sale of government securities for as low as P500 ($9) in a bid to broaden the investor base...
HSBC and RBS set to launch new digital banking platforms
LONDON — British banking heavyweights HSBC and RBS are launching new digital banking platforms, as competition for digitally savvy customers steps up in the face of a wave of online startups.
China cuts benchmark rate as virus shock affects economy
SHANGHAI/TOKYO — China cut the benchmark lending rate on Thursday, as widely expected, as the authorities move to lower financing costs for businesses and support an economy jolted by a severe coronavirus outbreak.
Central bank eyes more incentives in sustainability financing push
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to provide more regulatory incentives to encourage green and sustainability financing among banks.
In its latest Sustainability...
Peso likely to strengthen further ahead of June inflation data
THE PESO is expected to strengthen further against the dollar this week ahead of the release of June Philippine inflation data and minutes of...
Banks keep credit standards steady in Q2 — BSP survey
PHILIPPINE banks kept their lending criteria little changed in the second quarter, although some lenders said they grew stricter in granting business loans due to more stringent regulations, according to the results of a central bank survey.