banking

BIZ BUZZ: BDO gets the bag, too

The year is again looking rosy for the country’s biggest bank, and we still have…

Central banks face ‘difficult balancing act’ — IMF chief

WASHINGTON — Central banks face a “difficult balancing act” as they start lowering interest rates…

BSP cuts banks’ reserve requirement by 250 bps

The Bangko Sentral ng Pilipinas (BSP) has announced a supersized reduction to the cash requirements…

Biz Buzz: RCBC’s triple win

They say that third time’s the charm, but in the case of Rizal Commercial Banking…

Cut in banks’ minimum reserve likely this year

The Bangko Sentral ng Pilipinas (BSP) may resume cutting the cash requirements of banks before…

Soured bank loans spiked to over 2-yr high in July

Bad debts held by banks rose to their highest level in over two years in…

ADB launches new PH strategy, earmarks initial $24B

The Asian Development Bank (ADB) launched a new lending program for the Philippines spread over…

BIZ BUZZ: UnionBank-Citi honeymoon “better than expected”

Two years since taking over Citibank Philippines’ consumer and retail banking businesses — for which…

Study: PH banks’ digital assets vulnerable to hacking

Thousands of internet-linked assets used by Filipino banks and other financial service providers are exposed…

BSP: More Filipinos opened low-cost deposit accounts in Q2

More Filipinos opened low-cost basic deposit accounts (BDAs) in the second quarter of 2024, helping…