BSP tells banks to tighten guard vs terrorism financing
THE BANGKO SENTRAL ng Pilipinas (BSP) reminded banks to implement targeted financial sanctions (TFS) like asset freezing to combat the financing of terrorism and proliferation of weapons of mass destruction.
Dollar still king as supply of cold cash soars unabated
THE TRUMP administration may have softened the US’ strong dollar policy and sent the greenback lower, but the supply of cold, hard American cash...
BPI to offer up to $2-B medium term notes
BANK of the Philippine Islands (BPI) said it has been authorized by its board to establish an up to $2 billion dollar-denominated medium-term note (MTN) program, with the notes to be listed in Singapore.
DBP, CDA ink agreement to provide financing to cooperatives
STATE-RUN Development Bank of the Philippines (DBP) has partnered with the Cooperative Development Authority (CDA) to allow cooperatives to tap the bank's lending programs...
PNC to buy the US banking arm of Spanish lender BBVA for $11.6B
PNC FINANCIAL Services Group, Inc. said on Monday it would buy the US business of Spanish lender BBVA for $11.6 billion in cash, further consolidating the US banking sector.
Peso weakens on profit taking
THE PESO weakened against the dollar on Monday, dragged by profit taking after it hit its support levels intraday.
Philippine Business Bank books lower net income in third quarter
PHILIPPINE Business Bank (PBB) posted lower earnings in the third quarter due to a decline in trading gains as well as higher expenses.
In its...