banks | ABS-CBN News

Bank lending expands 9.7 percent in April: BSP

ABS-CBN News
Posted at May 31 02:07 PM

Bank lending continues to grow despite several interest rate hikes, central bank data showed. Read more »

PH shares end week in red anew amid wait for rate hike reversals

ABS-CBN News
Posted at May 27 02:53 AM

Philippine shares capped the week in the red as investors wait for central banks to start reversing their rate hikes. Read more »

Ilang bangko tumutulong sa imbestigasyon sa aberya sa GCash

ABS-CBN News
Posted at May 09 09:13 PM

Tumutulong sa imbestigasyon ang dalawang bangko sa naging aberya sa GCash. Read more »

Global food prices to remain near record highs: World Bank

ABS-CBN News
Posted at Apr 27 10:19 PM

Food costs around the world will “be at the second-highest level since 1975,” the World Bank said in its Commodity Markets Outlook report released on Thursday. Read more »

DBP insists merger with LANDBANK needs legislation

ABS-CBN News
Posted at Apr 19 08:36 PM

DBP rejected the statement by the GCG or Governance Commission on Government Owned and Controlled Corporations (GOCCs) that the merger of the two state-owned banks does not require legislative intervention. Read more »

Digital banks can offer 'better' remittance pricing, says UnionDigital

ABS-CBN News
Posted at Apr 17 10:31 AM

Digital banks can help cut remittance fees paid by overseas Filipino workers, UnionDigital Bank President and CEO Henry Aguda said. Read more »

BSP tells banks: Ensure InstaPay, PESONet services during Holy Week break

ABS-CBN News
Posted at Apr 04 10:26 AM

The BSP said its supervised banks must provide continued PESONet and InstaPay services to consumers even during the Holy Week holidays. Read more »

BSP approves new rules on electronic KYC using digital IDs

ABS-CBN News
Posted at Apr 03 03:56 PM

The Bangko Sentral ng Pilipinas said on Monday it has approved electronic Know-Your-customer (e-KYC) guidelines using a digital identity system. Read more »

After Fed, European central banks hike their rates

Agence France-Presse
Posted at Mar 23 06:31 PM

Switzerland and Norway hiked interest rates Thursday to tackle inflation despite banking-sector turmoil, with the UK's central bank next in line after the US Federal Reserve also lifted borrowing costs. Read more »

THE DAY IN PHOTOS: March 20, 2023

ABS-CBN News
Posted at Mar 20 11:22 PM

Here are the day's top stories in photos. Read more »

PH banking system 'sound, resilient' amid SVB collapse: Medalla

ABS-CBN News
Posted at Mar 16 09:21 AM

Bangko Sentral ng Pilipinas Gov. Felipe Medalla said on Thursday the Philippine banking system is sound and resilient with no reported exposure to the embattled Silicon Valley Bank. Read more »

Nikkei ends with biggest fall in 3 months after US banks collapse

Kyodo News
Posted at Mar 14 06:23 PM

Tokyo stocks plunged Tuesday, with the Nikkei suffering its biggest one-day point fall in 3 months, led by the selling of bank-related issues amid concern over the U.S. financial system following the collapse of two regional U.S. banks. Read more »

Biden vows to hold those responsible for bank failures 'fully accountable'

Agence France-Presse
Updated as of Mar 13 10:16 PM

President Biden vowed to hold accountable the people responsible for the failure of Silicon Valley Bank and a second financial institution. Read more »

European bank shares sink on concerns over US sector

Agence France-Presse
Posted at Mar 10 05:39 PM

Shares of Europe's biggest banks tumbled on Friday after trouble at a regional US lender sparked a Wall Street rout on the sector in the United States. Read more »

Philippine economy likely to expand by 5.5 percent in 2023, says Fitch

ABS-CBN News
Posted at Mar 08 10:18 AM

The Philippine economy is expected to stay resilient this year, Fitch Ratings Director For Asia Pacific Banks Tamma Febrian said. Read more »

Senate panel concludes hearings on Maharlika bill

ABS-CBN News
Posted at Feb 27 08:01 PM

The TWG will begin its work Wednesday, Sen. Mark Villar said. Read more »

Cash remittances hit $32.54 billion in 2022: BSP

ABS-CBN News
Updated as of Feb 15 03:38 PM

Cash remittances from overseas Filipinos coursed through banks reached $32.54 billion in 2022, higher by 3.6 percent from $31.42 billion in 2021, the BSP said. Read more »

BPI tiniyak na ligtas ang pera ng depositors sa kabila ng aberya

ABS-CBN News
Posted at Jan 04 08:42 PM

Nagkaroon ng aberya ngayong Miyerkoles ang bangkong BPI, kung saan dumoble ang transaksiyon ng ilang deposit account. Read more »

Hybrid work changing business dynamic: HR tech firm

ABS-CBN News
Posted at Dec 02 10:45 AM

Hybrid work has presented new challenges for businesses such as finding solutions for the new normal, HR tech company Sprout Solutions said. Read more »

BPI to merge with Gokongwei-led Robinsons Bank

Jessica Fenol, ABS-CBN News
Posted at Sep 30 05:30 PM

The Bank of the Philippine Islands on Friday formally announced its planned merger with the Gokongwei-led Robinsons Bank Corp. Read more »