Money laundering probe exposes Australian banks’ compliance flaws
HONG KONG/SYDNEY — A money laundering probe at Commonwealth Bank of Australia (CBA) is the latest in a slew of scandals denting the reputation...
T-bond rates to drop as concerns linger
TREASURY BONDS (T-bonds) on offer tomorrow will likely fetch flat to lower yields, as uncertainties linger at home and offshore amid geopolitical concerns.
The government...
Lenders set to merge under CPRB
By Melissa Luz T. Lopez,
Senior Reporter
GROUPS of rural banks based in Southern Luzon and Leyte will soon merge as bigger lenders under the government’s...
Yields on gov’t debt mixed as markets eye US, Europe
By Jochebed B. Gonzales,
Researcher
YIELDS on government securities (GS) ended mixed last week as market players remained watchful of the geopolitical tensions between the US...
BoP deficit widens further in July
THE country’s external payments position remained in deficit in July to incur the widest gap in eight months, driven by huge import volumes and...
Insurers, pre-need firms to submit more data to IC
THE Insurance Commission (IC) has issued guidelines for the inclusion of data for the Other Financial Corporation Survey (OFCS) in the insurance sector’s submission...
Peso sinks to fresh trough on dollar demand, geopolitical concerns
THE PESO finished the week at a new low against the dollar on the back of strong corporate demand, with zero signs of intervention...
Software firm, Philippine banks in talks for cloud-based technology use
INTERNATIONAL software company Oradian is currently in talks with several Philippine banks for partnerships on the foreign firm’s cloud-based technology to be used in...
Peso slips to fresh low
THE PESO slipped to another near 11-year low amid strong appetite for the dollar intraday despite upbeat Philippine economic growth data and dovish minutes...
BPI-managed fund more bullish on stocks over bonds
By Melissa Luz T. Lopez,
Senior Reporter
Bank of the Philippine Islands (BPI)-managed ALFM Mutual Funds is betting on equities rather than fixed-income instruments as it...
Fed policy makers grow worried about inflation
WASHINGTON — Federal Reserve policy makers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was...
TDF rates mixed as bids dip
RATES fetched under the term deposit facility (TDF) saw mixed movements yesterday, with banks continuing to crowd the week-long tenor as players look for...