UnionBank posts higher net profit in 2nd quarter
UNIONBANK of the Philippines, Inc. saw its net income surge in the second quarter on the back of strong net interest income growth and lower operating expenses.
Jack Ma’s online loan machine is changing Chinese banking
JACK MA’S online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades.
PSBank lists P6.3-B fixed-rate bonds
PHILIPPINE SAVINGS Bank (PSBank) has listed its maiden fixed-rate bonds worth P6.3 billion, with the offer met by robust demand from investors.
What’s next after the Fed cuts its benchmark rate?
SAN FRANCISCO — US central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a decade ago. That’s the easy part.
Ant Financial-backed start-up rides Indonesian fintech wave
DANA, a fintech start-up backed by Ant Financial, is scouting for another strategic investor to help it snag more of the nation’s 150 million smartphone users.
Trump’s debt binge puts Treasury auctions on path to fresh highs
THE US TREASURY Department is expected to hold its quarterly note and bond sales at record levels for the third straight time as Washington’s latest budget deal shows that the US’ debt binge will continue.
Peso weakens vs dollar on US GDP growth data
THE PESO weakened against the dollar on Monday due to a stronger-than-expected US gross domestic product (GDP) report.
Treasury bonds to fetch lower rates ahead of Fed
THE GOVERNMENT will likely fetch lower yields for reissued 20-year bonds to be auctioned off tomorrow as market participants await the policy decision of local and US central banks.
Yields on government debt decline across the board
GOVERNMENT DEBT YIELDS went down across the board due to market anticipation of rate cuts from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve amid the release of key macroeconomic data in the coming weeks.
Peso expected to trade sideways ahead of US central bank review
THE PESO will likely move sideways against the dollar ahead of the possible policy easing of the US Federal Reserve.
Robinsons Bank raises P5B via bonds
ROBINSONS BANK Corp. raised P5 billion from its maiden bond offering amid robust investor demand, with the lender planning to issue the next tranche before the year ends.
BoE seen to hold rates as clouds gather over outlook
BANK OF ENGLAND (BoE) officials will probably keep policy on hold this week as they acknowledge that the economic outlook has worsened materially since May.