Term deposit yields rise further after BSP move
Yields on the central bank’s term deposits continued to go up on Wednesday after the Bangko Sentral ng Pilipinas’ (BSP) decision to hike benchmark...
UK bank losses from complex scams up by nearly 40% in 2021
LONDON — British bank customers were tricked out of 583 million pounds ($712 million) stolen through sophisticated fraud in 2021, up nearly 40% on...
US Fed’s Mester backs 75-bp hike if economic conditions stay the same
Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75- basis-point...
UnaCash app to expand loan product offerings
UnaCash, a mobile application by loan platform Digido Finance Corp., is looking to extend more services in the Philippines amid growing demand for financing.
The...
IC to examine PCIC, audit gov’t social insurance firms
PHILIPPINE Crop Insurance Corp. (PCIC) is now under the Insurance Commission (IC), which will give the regulator the power to examine the state-run agricultural...
Treasury bureau rejects all bids for 7-year bonds
THE GOVERNMENT rejected all bids for reissued seven-year Treasury bonds (T-bonds) it offered on Tuesday as the market asked for higher rates due to expectations of further monetary tightening amid inflation pressures.
RCBC planning to borrow P200B under new bond and commercial paper program
RIZAL COMMERCIAL Banking Corp. (RCBC) has approved a P200-billion bond and commercial paper program to raise funds for its operations.
UnionBank looking to launch digital lender by next month
UNIONBANK of the Philippines, Inc. targets to launch its digital bank in July, an official said on Tuesday.
Peso rises on stock market gains
THE PESO strengthened versus the dollar on Tuesday on continued gains at the local stock market.
Gov’t partially awards T-bills as rates rise further
THE GOVERNMENT partially awarded its offer of Treasury bills (T-bills) on Monday at higher rates as investors remained cautious on expectations of further tightening by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP).
PHL bond market expands faster in Q1
THE PHILIPPINE bond market grew faster in the first quarter on higher government borrowings due to a retail bond offering and central bank issuances, the Asian Development Bank (ADB) said.
Marcial named as new head of BPI’s wealth unit
THE WEALTH MANAGEMENT arm of listed Bank of the Philippine Islands (BPI) has appointed a new president and chief executive officer (CEO), it said in a statement on Monday.