Fresh scandal hits Wells Fargo
WELLS FARGO & Co. is back to being a punching bag on Capitol Hill.
Revelations that the lender may have charged more than 500,000 people...
Peso flat amid dollar weakness; awaiting US GDP data
THE PESO ended the week little changed in quiet trading and as global markets await the release of key US economic data, traders said.
The...
More banks shifting to one-day check clearing
By Melissa Luz T. Lopez,Senior Reporter
LENDERS have generally been able to adopt the one-day clearing for checks, although the central bank wants a faster processing time to make funds...
EastWest Bank gives clients until July 31 to claim new EMV cards
EAST WEST Banking Corp.’s (EastWest Bank) clients only have until next week to switch their magnetic strip cards to microchip-enabled ones, with the lender...
Peso climbs after FOMC
THE PESO rebounded against the greenback on Thursday on the back of dovish remarks from the US Federal Reserve, which reduced chances of another...
Moving mountains, ‘continuity plus’
July 3 -- Changing of the guards at the Bangko Sentral ng Pilipinas. At the Bankers Association of the Philippines cocktails, someone remarked that...
TDF offers kept steady despite weak demand
By Melissa Luz T. Lopez,Senior Reporter
THE CENTRAL BANK kept auction volumes steady for the ninth straight month even as the weekly auctions stood undersubscribed, amid expectations that banks will...
Trump considers Cohn, Yellen for Fed chair job
PRESIDENT Donald J. Trump said he may reappoint Federal Reserve Chair Janet Yellen to a second term at the helm of the US central...
Peso drops on strong US data ahead of Fed decision
THE PESO weakened anew versus the dollar on Wednesday due to upbeat US economic reports and as investors stayed on the sidelines ahead of...
UCPB to open branches on Saturday ahead of non-EMV cards’ deactivation
THE United Coconut Planters Bank (UCPB) will give its clients more time to claim their microchip-enabled cards, extending its operations on Saturday, July 29.
The...
BSP pushes for charter changes
THE CENTRAL BANK batted for expanded powers anew to include the authority to secure data even from non-supervised financial players and to regulate all...
Gov’t rejects bids for 20-year bonds as rates rise
THE GOVERNMENT rejected all bids for the reissued 20-year Treasury bonds (T-bond) it auctioned off yesterday due to weak investor demand amid offshore uncertainties...