By The Financial District
Buffett Blames U.S. Gov't For Mishandling Banking Crisis
Investment tycoon Warren Buffett said that messaging from the US government over the regional banking crisis had been "poor," suggesting...
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By The Financial District
- May 10
- 1 min
FDIC Sets First Republic Auction; 6 Banks Bidding
US regulators are trying to clinch a sale of First Republic Bank over the weekend, with roughly half a dozen banks bidding, in what is...
By The Financial District
- May 9
- 1 min
Citi Named Best Bank in Asia
US bank Citi, which transacted some $250 billion for its clients and another $100 billion merger and acquisition (M&A) deals in 2022 has...
By The Financial District
- May 9
- 3 min
BSP Boosts U.S. Dollar-Peso Hedging Facility
The Bangko Sentral ng Pilipinas (BSP) has updated and enhanced its Currency Rate Risk Protection Program (CRPP) to strengthen the peso...
By The Financial District
- May 9
- 2 min
Delayed ₱9-B Cash Transfer Eyed For Release
The government aims to release the P9.3-billion targeted cash assistance, originally planned for disbursement in March, before the month...
By The Financial District
- May 9
- 1 min
Smaller But Stable U.S. Banks Puzzled As Their Stock Value Sinks
A cluster of regional banks are scrambling to convince the public of their financial soundness, even as their stock prices plunged and...
By The Financial District
- May 8
- 1 min
2020 Tweaks To BSP Forex Rules Made Permanent
Changes to foreign exchange (Forex) regulations have been approved by the Monetary Board in a bid to streamline transaction procedures and..
By The Financial District
- May 8
- 2 min
Europeans Drain Billions From Banks In Protest vs Low Interest
European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits...
By The Financial District
- May 7
- 2 min
HSBC Wins Battle With Ping Over Call To Break Up The Bank
HSBC has seen off an attempt by its biggest shareholder to break up the bank, with an “overwhelming majority” of investors voting Friday...
By The Financial District
- May 7
- 2 min
BSP Okays New e-KYC Rules
The Bangko Sentral ng Pilipinas (BSP) has amended existing rules on how banks and non-banks conduct customer due diligence (CDD) including..
By The Financial District
- May 6
- 2 min
SSS Savings Fund Reached ₱36-B
The savings scheme of state-run pension fund Social Security System (SSS) has collected P36 billion from its nearly five million members...
By The Financial District
- May 6
- 1 min
BDO Partners With Another Japanese Bank
BDO Unibank Inc. has signed a business alliance agreement with The Hyakujushi Bank Ltd. (HBL), a leading regional bank based in Kagawa...
By The Financial District
- May 4
- 2 min
Security Bank Bags ₱2.5-B SSS Contract
Security Bank Corporation’s Trust and Asset Management Group (TAMG) has bagged a fund management contract from the Social Security System...
By The Financial District
- May 4
- 1 min
Gov’t Borrows ₱12.8-B From Local Banks
The Bureau of the Treasury borrowed partially despite the drop in benchmark yields for short-term loans.
By The Financial District
- May 4
- 2 min
BSP Approves $5.6-B Public Loans In Q1
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board has approved $5.56-billion worth of public sector foreign borrowings in the first...
By The Financial District
- May 3
- 2 min
PH Total Financial Resources Up 8% -- BSP
The Philippines' financial system has total resources of P28.415 trillion as of end-February this year, up 8.2% from the same period last...
By The Financial District
- May 3
- 1 min
Moody's Downgrades Ratings Of Regional Banks
Moody’s Investor Services last week issued downgrades for 11 regional investors after the credit agency signaled last month that it was...
By The Financial District
- May 2
- 2 min
Subway's Bankers Craft Debt Plan To Clinch Sale In Excess Of $10-B
The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition...
By The Financial District
- May 2
- 2 min
Fed Set To Raise Rates Again As Market Seeks Some Rest
The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong...
By The Financial District
- May 2
- 1 min
JPMorgan Takes Over Seized First Republic Bank
JPMorgan Chase agreed to acquire First Republic after the bank was seized by financial regulators after efforts to rescue the regional...
By The Financial District
- May 2
- 3 min
Loan Growth Slowed In Feb.
Loans disbursed by big banks slowed for a third consecutive month in February, reflecting the impact of rising borrowing costs and base...
By The Financial District
- May 2
- 4 min
Banks Upbeat On Growth Prospects --- BSP Survey
Local banks remain resilient and expect to sustain their growth path in the next two years with a recovering economy post-pandemic...
By The Financial District
- Apr 30
- 2 min
LBP Allots ₱5-B Lending To Tourism
State-run Land Bank of the Philippines (LBP) is allocating an initial P5 billion to finance projects that will boost tourism recovery in...
By The Financial District
- Apr 30
- 1 min
Swiss Central Bank Asked To Reform Itself After Saving Credit Suisse
The Swiss National Bank is facing calls for an overhaul in its governance, with critics saying too much power lies in the hands of its...
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