Goldman Sachs uses data to help improve bank’s diversity, Cooper says
DURING the decade Edith Cooper, one of Wall Street’s most powerful black women, led human resources at Goldman Sachs Group Inc., the firm focused...
RCBC Savings posts double-digit income growth
THE SAVINGS ARM of the Rizal Commercial Banking Corp. (RCBC) booked a double-digit income growth in 2017 on the back of the continued expansion...
Bank of Makati to open 40 branch-lite offices
BANK of Makati, Inc. (BMI) wants to open branch-lite offices this year to tap the unbanked and underserved Filipinos in rural areas.
During the launch...
PESO ends flat on trade data
THE PESO ended flat against the dollar on Friday amid the wider yet lower-than-expected local trade deficit in January.
The local currency ended the week...
China Bank to raise up to P50B
CHINA BANKING Corp. (China Bank) is set to conduct fund-raising activities to expand its business.
In a disclosure to the local bourse on Thursday, the...
Hong Kong seen draining liquidity with currency near weak end of peg vs dollar
HONG KONG’S central bank will probably take steps to tighten liquidity in the financial system as the city’s currency approaches the weak end of...
Investing more in women lowers portfolio volatility
INVESTING IN companies that have more women in leadership roles can help lower the volatility of your portfolio, according to Bank of America Corp.
Firms...
Mandated lending concerns
By Benel D. Lagua
Nestor V. Tan, BDO Unibank, Inc. president, gave a very incisive talk to the FINEX general membership recently on the state of the banking...
Peso weakens vs dollar
THE PESO dropped against the dollar on Thursday as investors stayed on the sidelines ahead of jobs data in the US and amid the...
Yields on BSP’s term deposits increase
By Melissa Luz T. Lopez
Senior Reporter
BANKS SCRAMBLED to place more funds under the central bank’s term deposit facility (TDF) following lower reserves which took...
Gross international reserves slip in Feb.
DOLLAR RESERVES slipped anew in February due to lower gold valuations, and as the central bank used the funds to intervene during the daily...
BSP unlikely to hike rates despite pickup in inflation
ING BANK N.V. and Capital Economics said the Bangko Sentral ng Pilipinas (BSP) is unlikely to hike interest rates even as inflation continued to...