Metrobank plans to raise P20 billion via LTNCDs
METROPOLITAN Bank & Trust Co. (Metrobank) is planning to raise up to P20 billion by selling long-term negotiable certificates of deposit (LTNCD) to diversify...
Philippine Business Bank books higher Q1 net income on growth across sectors
PHILIPPINE Business Bank (PBB) saw its net income rise in the first quarter of the year on the back of improved earnings across its...
Barclays trading gives Staley momentum, but misconduct charges hurt bank’s profit
BARCLAYS PLC is finally showing some momentum for Jes Staley, whose beefed-up investment bank tracked Wall Street’s surge in equities revenue.
The British bank beat...
Understanding development models
By Benel D. Lagua
Development is generally defined as progress, a change from one state to a better state. Not all change will qualify as development. The change...
Peso rebounds on profit taking
THE PESO rebounded against the dollar on Thursday as investors took profits from the recent rally of the greenback.
The local currency closed at P52.15...
TDF yields climb as BSP cuts offer volume
By Melissa Luz T. Lopez, Senior Reporter
YIELDS FOR term deposits climbed across all tenors amid smaller volumes offered this week, with banks eyeing bigger...
Fed chief Powell’s policy gambit bets job market stays hot, inflation not
FEDERAL RESERVE officials are sounding increasingly confident they can run the US economy hot without a harmful rise of inflation, a risky gamble for...
FWD Life books higher premium income in 2017
FWD Life Insurance Corp. (FWD) saw its total premium income jump in 2017, outperforming the industry’s growth.
In a statement sent to reporters late Tuesday,...
IC to roll out e-payment system with LANDBANK
THE Insurance Commission (IC) is set to implement an electronic payment program in partnership with Land Bank of the Philippines (LANDBANK).
In a statement sent...
Credit Suisse reaps wealth management rewards
TIDJANE THIAM is reaping the rewards of Credit Suisse Group AG’s pivot to wealth management after the bank attracted new assets at the fastest...
Peso edges higher against dollar
THE PESO strengthened slightly against the dollar on Wednesday amid rising US Treasury yields.
The local currency ended the session at P52.31 against the greenback...
Gov’t partially awards T-bonds
THE GOVERNMENT yesterday made a partial award of reissued 20-year Treasury bonds (T-bonds) on Tuesday as lenders sought higher rates due to expectations on...