Category: Business Insider
Deutsche Bank tumbles as jittery investors seek safer shores
REUTERS Shares of Germany’s largest bank Deutsche Bank plunged on Friday as investors fretted that regulators and central banks have yet to contain the worst…
Wall Street push for bank rescues clashes with Washington realities
REUTERS WASHINGTON/NEW YORK – The banking crisis set off by the swift collapse of Silicon Valley Bank has exposed a sharp disconnect between Washington and Wall Street. Bankers…
Yellen tries to assuage investor fears as bank stocks slide
US Treasury Secretary Janet Yellen — REUTERS/GARY CAMERON US Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower…
World Bank seeks more private cash as yearly needs balloon to $2.4 trillion
REUTERS World Bank President David Malpass set out on Thursday a new road map for private sector participation in project financing across emerging and developing economies as yearly financing needs balloon to $2.4 trillion. The…
Banks must improve cybersecurity as attacks rise
PIXABAY FINANCIAL INSTITUTIONS should improve their cybersecurity systems to protect themselves from rising attacks on the sector involving ransomware, phishing, and application programming interfaces (APIs)….
Harnessing our core competencies
IN 2021, Vietnam overtook the Philippines. Vietnam’s gross domestic product (GDP) per capita, a measure of a nation’s economic output per person, reached $3,756.5, while…
Moody’s affirms BDO’s deposit ratings
MOODY’S Investors Service affirmed its deposit ratings for BDO Unibank, Inc., keeping its outlook at “stable,” on expectations of steady profitability and improved asset quality…
Peso rises on dovish Fed, BSP move
BW FILE PHOTO THE PESO climbed to a near two-month high versus the dollar on Thursday following dovish comments from the US Federal Reserve chief….
Yields on BSP’s term deposit facility rise
BW FILE PHOTO YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) continued to rise on Wednesday ahead of the…
HK’s overnight borrowing cost falls from 17-year record, easing cash crunch
HONG KONG’S overnight cost of borrowing fell on Wednesday, easing a cash crunch. The overnight interbank rate, known as Hibor, tumbled 175 basis points (bps)…
RBC launches dollar-denominated UITF
ROBINSONS BANK Corp. (RBC) has launched a dollar-denominated short-term unit investment trust fund (UITF) product. “While investing in the stock market is a great way…
Peso slips vs dollar before Fed decision
THE PESO weakened against the dollar on Wednesday, with the greenback steadying amid easing worries over the banking sector and ahead of the US Federal…
BTr fully awards T-bonds at slightly higher rates
BW FILE PHOTO THE GOVERNMENT made a full award of the reissued 20-year Treasury bonds (T-bonds) it auctioned off on Tuesday as the market awaits…
HSBC Wealth set to launch new investment, insurance products
HSBC PHILIPPINES’ wealth management arm has been met with positive reception since its launch last year and is set to introduce new products, even with…
Peso climbs vs dollar on easing concerns over banking sector
BW FILE PHOTO THE PESO strengthened to an over one-month high against the dollar on Tuesday as banking sector concerns eased and expectations of a…
Gov’t makes partial award of T-bill offer
BW FILE PHOTO THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it auctioned off on Monday due to weak demand as investors…
BSP posts higher profit in 2022 as FX gains rise
BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) booked higher net earnings in 2022, driven by an increase in net gains from foreign exchange…
House approves bills easing deposit secrecy rules, regulating use of financial accounts
HOUSE LAWMAKERS on Monday approved on second reading a measure seeking to ease deposit secrecy rules and a bill regulating the use of financial accounts….
Peso inches up vs dollar even as banking sector concerns remain
THE PESO inched higher against the dollar on Monday after mostly moving sideways due to worries over global banks. The local currency closed at P54.675…
Big money captivated by banking drama as investors brace for more turmoil
STOCK PHOTO | Image by ❄️♡💛♡❄️ Julita ❄️♡💛♡❄️ from Pixabay NEW YORK/BOSTON – Hedge funds managers and other large investors believe it is far too soon to call an…