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Moody's says Philippine banks 'stable' as it monitors virus risk

ABS-CBN News
Updated as of Feb 20 10:08 AM

Moody's is also monitoring the impact of the coronavirus outbreak, which has hurt consumption in parts of Asia. Under its "central case," the pathogen will be contained by the end of the first quarter, said Eugene Tarzimanov, lead analyst for banks in Southeast Asia. Read more »

Fitch Ratings welcomes new BSP rules covering Islamic banks

ABS-CBN News
Posted at Jan 22 05:46 PM

The Bangko Sentral ng Pilipinas (BSP) has signed off on the new regulations covering Islamis banks and banking units. Bashar Al Natoor, senior director of financial institutions at Fitch Ratings, says the new rules are a "positive step".   Read more »

BSP reviews BPI, 10 banks for links to Australian bank linked to dirty money

ABS-CBN News
Updated as of Dec 18 10:09 PM

MANILA (UPDATED) - The Philippine central bank said Wednesday it was reviewing transactions of 10 banks, coursed through Bank of the Philippine Islands (BPI), for money that came from Westpac, one of Australia's largest banks that is accused of money laundering. Read more »

Bagong remake ng 'Charlie's Angels' ipalalabas simula Miyerkoles

ABS-CBN News
Posted at Nov 12 07:35 PM

Mananaig na naman ang girl power sa pagpapalabas ng bagong remake ng "Charlie's Angels." Read more »

Banks seek P10 to P15 hike in interbank ATM fees: BSP official

ABS-CBN News
Posted at Sep 23 09:20 PM

Several banks want to hike interbank ATM transaction fees by P10 to P15, an official of the Bangko Sentral ng Pilipinas said on Monday.  Read more »

Things to consider when choosing banks

Moneymax.ph
Posted at Sep 11 12:04 PM

Only you can tell what you want and need in a bank. But if you’re still confused, here are some factors you need to consider. Read more »

It's about depositors, Yasay says on Banco Filipino woes

ABS-CBN News
Updated as of Aug 27 11:18 AM

Yasay served as director of Banco Filipino and was tasked to negotiate a rehabilitation plan with the Bangko Sentral ng Pilipinas due to his background as former chairman of the Securities and Exchange Commission. Read more »

How freelancers can get a credit card

Moneymax.ph
Posted at Aug 23 03:15 PM

Getting a credit card may seem more complicated when you're a freelancer compared to when you have a regular job. But getting a card doesn't have to be so difficult. Read more »

Bangko Sentral says ATM fee hikes need its approval

ABS-CBN News
Posted at Aug 13 03:43 PM

The BSP will examine if requests to increase ATM charges are "warranted" and will ensure that higher fees, if needed, will be "reasonable," the regulator said. Read more »

ATM fees to go up? House probe sought as BSP lifts cap

ABS-CBN News
Updated as of Aug 13 02:04 PM

Some 4.1 million minimum wage earners are the "most vulnerable" since they withdraw their salaries via ATM, said Makati Rep. Luis Campos. Read more »

BSP's Diokno: Banks' reserve requirement may be cut in September

Cathy Yang, ABS-CBN News
Posted at Aug 09 03:41 PM

A cut in the RRR, which would increase liquidity in the financial system, "is always on the table," Diokno said, adding his goal was to reduce it to "single digit" by the end of his term. Read more »

Security Bank partners with Thailand's Krungsri to grow consumer loans

ABS-CBN News
Posted at Aug 09 08:59 AM

Security Bank and the Thai lender, commonly known as Krungsri, both have Japan's MUFG Bank as common shareholder. Bank of Ayudhya will take a 50-percent stake in SB Finance Co, the Filipino bank said in a statement. Read more »

How Trump's latest tariff threat affects Asian currencies

ABS-CBN News
Posted at Aug 02 11:10 PM

The latest escalation in the US-China trade war may have helped central banks around the world decide on moves to ease monetary policy. Read more »

RCBC secures regulator approval for merger with thrift unit

ABS-CBN News
Posted at Jul 23 10:45 AM

The regulator approved the merger between RCBC and RCBC Savings Bank on Monday, the lender said. The Bangko Sentral ng Pilipinas approved the deal in June, RCBC said in a disclosure. Read more »

Deutsche Bank careers end in an envelope, a hug and a cab ride

Sumeet Chatterjee, Navdeep Yadav and Matt Scuffham, Reuters
Posted at Jul 09 08:11 AM

Deutsche Bank confirmed on Sunday that it was closing huge parts of its trading businesses, with staff in its equities division in Sydney and Hong Kong among the first to be told their roles would go. Read more »

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin

Paulina Duran and Sumeet Chatterjee, Reuters
Posted at Jul 08 12:28 PM

The German bank launched the restructuring on Sunday in Europe, outlining a plan that will ultimately cost 7.4 billion euros ($8.31 billion) and see it dramatically scale back its investment bank - a major retreat after years of working to compete as a major force on Wall Street. Read more »

Deutsche Bank to cut 18,000 jobs in 7.4-billion euro overhaul

Tom Sims and Hans Seidenstuecker, Reuters
Posted at Jul 08 08:11 AM

The plan represents a major retreat from investment banking by Deutsche Bank, which for years had tried to compete as a major force on Wall Street. Read more »

WATCH: First trailer for new ‘Charlie’s Angels’ movie

ABS-CBN News
Posted at Jun 28 12:40 AM

Check out the first trailer for the new "Charlie's Angels" movie starring Kristen Stewart, Ella Balinska, and Naomi Scott.  Read more »

China bank stocks fall on possible US action linked to N. Korea

Agence France-Presse
Posted at Jun 25 07:51 PM

Shares of the Bank of Communications slipped 3.02 percent to 6.10 yuan, China Merchants Bank fell 4.82 percent to 36.13 yuan and Shanghai Pudong Development Bank sank 3.08 percent to 11.66 yuan. Read more »

Banks do their share to teach kids about money

Aneth Ng-Lim
Posted at Jun 24 09:08 AM

As the students dive into new learnings, I am reminded of one subject that is not part of the curriculum and rarely taught in schools: personal finance. Read more »