PNB eyes acquisition for consumer finance boost
PHILIPPINE NATIONAL Bank (PNB) has set its eyes on acquiring another financial institution and searching for a strategic partner in a bid to boost its consumer finance business.
BSP assessing BPI glitch
THE BANGKO SENTRAL ng Pilipinas (BSP) is still assessing the technical glitch encountered by the Bank of the Philippine Islands (BPI) as it upgraded its systems earlier this month.
Central bank to release ESG guidelines
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to release this June guidelines incorporating environmental, social, and governance (ESG) finance in banks’ operations.
SSS loan releases increase
THE Social Security System (SSS) saw a pickup in loan releases for retiree pensioners following the relaxed rules approved by the Social Security Commission.
Peso ends flat vs dollar ahead of FOMC review
THE PESO closed flat against the dollar on Tuesday after treading a wide range as the market stayed on the sidelines ahead of the US central bank’s policy meeting.
Gov’t partially awards T-bills to cap rates
THE GOVERNMENT made a partial award of the Treasury bills it auctioned off yesterday, rejecting some bids for the one-year papers to keep rates at level with yields at the secondary market.
China’s vicious banker fee war hits new low
CHINA’S INVESTMENT BANKERS are taking their price war to the fourth decimal place.
UnionBank net income declines in first quarter
UNIONBANK of the Philippines, Inc. tallied a lower net profit in the first quarter, even as its net interest earnings went up.
DBS posts record profit in Q1 on strong lending
SINGAPORE — Southeast Asia’s biggest lender DBS Group Holdings Ltd. beat market estimates to post a record quarterly profit, as strong lending income offset weakness in wealth management, brokerage and investment banking fees.
Peso climbs as appetite improves
THE PESO strengthened against the dollar on Monday amid quiet trading as risk appetite increased following strong US economic data released last week.
Treasury bill rates likely steady
RATES OF Treasury bills (T-bill) on offer today will likely move sideways as market participants await a slew of domestic economic data in the next few weeks.
Yields on gov’t debt flat
YIELDS on government securities (GS) were flat last week as investors await the release of major economic data in the coming days.