Peso down on remittances
THE PESO slumped against the dollar on Tuesday as central bank data showed remittance growth slowed in November.
The local currency closed the session at...
Indian bonds slide as RBI says banks must manage rate risks
INDIAN SOVEREIGN BONDS and the rupee tumbled after a central bank official warned banks they can’t keep relying on the regulator to manage their...
Gov’t makes full award of Treasury bills
By Karl Angelo N. Vidal
THE GOVERNMENT made a full award of the P20 billion it planned to raise through the auction of Treasury bills...
CARD Bank launches mobile app
DAVAO CITY — A microfinance provider part of a huge group of companies that provides services to the poor is introducing its newly implemented...
Peso rises as dollar consolidates
THE PESO strengthened slightly against the dollar on Monday as the greenback weakened against other major and regional currencies.
The local currency moved sideways to...
Indonesia eyes foreign banks after MUFG-Danamon deal
BANKS from countries including China are looking to follow the example of Japan’s largest lender and buy stakes in Indonesian financial institutions, according to...
China to toughen rules on $38-trillion banking sector
CHINA’S banking regulator pledged to continue its crackdown on malpractice in the $38-trillion industry in 2018, vowing to tackle everything from poor corporate governance...
Treasury bills to fetch flat rates
YIELDS on Treasury bills (T-bills) on offer today are likely to move sideways as market players are expected to park their funds in the...
SSS revenues up 9.3% to P175B
SOCIAL SECURITY System posted single-digit growth in its revenues for the first 11 months of 2017 driven by bigger collections in members’ contributions.
In a...
Peso to move sideways
THE PESO will likely move sideways against the dollar this week amid the greenback’s sustained weakness on the back of mixed US economic data...
Wells Fargo sees no end yet to scandal costs, gets tax boost
NEW YORK — Wells Fargo & Co. is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal...
Goldman, Morgan Stanley fined for foreclosure cases
THE FEDERAL RESERVE is closing the book on sanctions against US banks over improper handling of post-crisis mortgage foreclosures, fining firms including Goldman Sachs...