ECB wakes up to risks of digital currencies
THE European Central Bank (ECB) has woken up to the risks digital currencies can pose to policy makers’ bread-and-butter business: the economy.
“If you increasingly...
Fintech hub in Asia’s Silicon Valley
By J. Albert Gamboa
The emergence of financial technology or “fintech” in modern business jargon dates back to 1993. That was during the time New York-headquartered Citicorp, the...
Peso weakens amid volatility in markets
THE PESO declined against the dollar on Thursday, February 8, amid continued volatility in global markets and as the Bangko Sentral ng Pilipinas (BSP) kept...
Deposits attract demand
By Melissa Luz T. Lopez,
Senior Reporter
BANKS swarmed yesterday’s auction of term deposits following the return of the month-long tenor, driving yields lower amid overwhelming...
FINTQ microinsurance platform set for rollout
FINTQNOLOGIES Corp. (FINTQ), the financial technology (fintech) arm of Voyager Innovations, Inc., is set to launch a microinsurance platform to tap the uninsured.
FINTQ managing...
BPI launches two remittance products for OFWs, workers’ families
BANK of the Philippine Islands (BPI) has launched two remittance products to cater to the needs of overseas Filipino workers (OFW) and their families...
Wave of crypto scams, crash in Bitcoin spook card firms
AMERICA’S largest banks had myriad worries in mind when they rushed this week to ban customers from using credit cards to buy cryptocurrencies. Bitcoin’s...
Peso rallies as stocks rebound
THE PESO continued to rally against the dollar on Wednesday, Feb. 7, on the back of the rebound in the local bourse as well...
Gov’t rejects all bids for T-bonds
THE GOVERNMENT rejected all bids for fresh seven-year Treasury bonds (T-bond) on offer yesterday as banks factored into their bids the faster January inflation...
PDIC repeals rule excluding outstanding dues from closed banks’ insured deposits
THE Philippine Deposit Insurance Corp. (PDIC) has repealed a rule requiring closed banks to deduct outstanding dues of an account holder before computing insured...
Draghi says European Central Bank can’t yet declare inflation fight victory
MARIO DRAGHI said that the European Central Bank (ECB) still can’t claim success in the struggle to restore inflation, and defended its policies from...
FX hedges get expensive as central banks tighten
INVESTORS looking for safeguards against emerging risks in the placid foreign exchange (FX) market may want to act now -- before global central banks...