Yields on BSP’s term deposit facility rise
YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) continued to rise on Wednesday ahead of the Monetary Board’s...
Credit Suisse defies bank gloom with new money, trading gains
CREDIT SUISSE Group AG brushed off the gloom in European bank earnings as wealthy clients added new money and revenue from securities trading rose in a quarter in which peers posted declines.
Unbanked Filipinos to decline by 2025
THE COUNTRY’S unbanked is expected to be reduced to 20% of the population in five years’ time from the more than half that have yet to open accounts with financial institutions, according to a study.
PHL financial resources up 7.9% at end-September
THE Philippine financial system’s total resources continued to rise at end-September, based on preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Resources of banks...
Peso sinks to P56:$1 level before Fed
THE PESO closed at the P56-per-dollar level for the first time in almost a month on Wednesday as investors were cautious ahead of the...
Global insurance coalition on climate set to relaunch after member exodus
LONDON — A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and weaker membership...
Transactions made via PESONet, InstaPay climb further as of May
ONLINE TRANSACTIONS made through PESONet and InstaPay rose as of end-May amid the increased convenience of cashless payments, Bangko Sentral ng Pilipinas (BSP) data...
RCBC to launch blockchain remittance service in Japan
RIZAL COMMERCIAL Banking Corp. (RCBC) is set to launch a remittance service in partnership with two Japanese banks using the blockchain technology for a cheaper and faster way of sending money.
Bank of England seeks investigation into hacked audio feed of briefings
THE BANK of England (BoE) asked regulators to investigate how an audio broadcast of some of its press conferences was misused to potentially give traders an unfair advantage.
Term deposit yields inch higher as BSP halts monetary easing
YIELDS on term deposits inched up on Wednesday as markets anticipate a pause in the central bank’s monetary easing after successive rate cuts this year.
RCBC expects loan growth to slow amid shift in focus
RIZAL COMMERCIAL Banking Corp. (RCBC) expects its loan growth to slow down next year as it veers towards loans to consumers and small and...
Peso may weaken vs dollar on RRR announcement
THE PESO may weaken against the dollar this week after the Bangko Sentral ng Pilipinas (BSP) said it will bring down banks’ reserve requirement...