Demand for BSP’s term deposits picks up
DEMAND for term deposits recovered yesterday, driving yields higher as banks wanted to park more funds with the central bank as they look for...
EastWest Bank posts higher earnings
EAST WEST Banking Corp. (EastWest Bank) booked a double-digit growth in its bottom line in the second quarter to boost its first-half performance on...
Peso slips ahead of US jobs data
THE PESO finished almost flat versus the dollar on Wednesday amid consolidation and profit taking, with investors on a wait-and-see mode ahead of key...
Clearing houses on track for rollout by September
By Melissa Luz T. Lopez,Senior Reporter
PHILIPPINE BANKS are seen on track in rolling out two clearing houses for electronic transactions by September, the Bangko Sentral ng Pilipinas (BSP) chief...
Malaysia bond recovery under threat on reserves issue
MALAYSIA’S bonds are coming back in favor but the respite may be brief. The level of the nation’s foreign reserves is coming under scrutiny...
Security Bank posts higher income in first half
SECURITY BANK Corp. (Security Bank) recorded an increase in its earnings in the second quarter, boosting its first-half performance, fuelled by double-digit growth in...
PBB earnings inch higher in Q2
NET INCOME of Philippine Business Bank (PBB) rose in the second quarter on the back of higher interest earnings, with its first semester performance...
Peso climbs to five-week high
THE PESO continued to gain against the greenback on Tuesday to hit its strongest level in more than a month on the back of...
Mitsubishi UFJ trust banking arm beefs up war chest for acquisitions
MITSUBISHI UFJ Financial Group Inc.’s trust banking arm is seeking acquisitions abroad and has 1 trillion yen ($9 billion) to spend as it seeks...
Deutsche Bank leases new UK headquarters
DEUTSCHE BANK AG signed an agreement with Land Securities Group to move its United Kingdom (UK) headquarters to a building being constructed at 21...
Government makes full award of Treasury bills
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off yesterday after the papers saw strong appetite, with investors preferring...
BDO posts flat net income in first semester
BDO UNIBANK, Inc. (BDO) saw a flat bottom line in the first half of the year, with earnings driven by an increase in its...