Peso to weaken on Fed, new variants
THE PESO is expected to retreat further versus the greenback in 2022 as investors opt for safe havens amid the more hawkish stance of the US Federal Reserve, and with new variants of the coronavirus disease 2019 (COVID-19) clouding recovery prospects.
Brain gain: New boutiques, surge in deals lure expat bankers back to Australia
HONG KONG — Australian expatriate investment bankers are returning home in large numbers, lured by the launch of new boutique advisory firms, a sharp pick up in deal-making and the safety of a country relatively unscathed by the coronavirus pandemic.
Stimulating growth in the regions
By J. Albert Gamboa
MANDAUE CITY — With 10 days to go before the midterm national and local elections, there is growing concern about the power situation on May 13 following the series of rotational brownouts and “red alerts” triggered by recent earthquakes that rocked Zambales, Eastern Samar, and Surigao del Norte as well as the ongoing El Niño weather phenomenon.
This revamp will be different, says HSBC boss
HONG KONG/LONDON — Noel Quinn, the interim chief executive of Hongkong & Shanghai Banking Corp. (HSBC), says this time things are going to be different.
Peso rebounds on dovish Fed
THE PESO rebounded versus the greenback on Thursday as the US Federal Reserve renewed its commitment to keep rates low to support the recovery of the world’s largest economy.
PCHC records higher electronic fund transfers following launch of PESONet
PHILIPPINE Clearing House Corp. (PCHC) saw a jump in electronic fund transfers (EFT) in 2018 following the launch of the Philippine EFT System and Operations Network (PESONet).
Central bank proposes model for digital financial marketplace
THE BANGKO SENTRAL ng Pilipinas (BSP) is proposing a model for a digital financial marketplace, where various financial institutions can offer services through a one-stop platform.
US banks play cat-and-mouse game with Federal Reserve on capital returns
NEW YORK/WASHINGTON -- An annual stress test of banks introduced by US regulators after the 2007-09 financial crisis to prevent taxpayer bailouts has become a fight over how quickly lenders can return capital to shareholders.
Fintech startup PearlPay signs new deal to digitalize rural banks in Pangasinan
Team SparkUp
Earlier today, fintech startup PearlPay formally entered a strategic partnership with the Association of Pangasinan Rural Banks (APRUB) to help facilitate the digital transformation...
EastWest eyes bond issue by Q3
EAST WEST Banking Corp. (EastWest Bank) expects to offer the first tranche of its P10-billion fixed-rate bond program in the third quarter, as it seeks to diversify its funding sources.
Gov’t hikes award of Treasury bills as rates drop
THE GOVERNMENT on Monday hiked its award of Treasury bills (T-bills) and even opened its tap facility as yields went down across the board on expectations of slower inflation data.
TDF yields mixed on geopolitical concerns
TERM DEPOSIT yields were mixed on Wednesday on the back of an escalation of oil prices brought about by worries from the attack on Saudi Arabia’s oil facility.