Banking & Insurance
RCBC explores better alternatives to aging OTP
The Rizal Commercial Banking Corp. (RCBC) recently emphasized the importance of exploring continued advancements in authentication solutions to strengthen online banking security. As technology evolves, so too must authentication methods to ensure optimal protection for clients' financial information.
Fed’s Kugler ‘optimistic’ on disinflation without big job losses
Federal Reserve Governor Adriana Kugler on Friday signaled she sees the elusive "soft landing" of falling inflation amidst a healthy labor market within reach for the U.S. economy, noting that inflation expectations remain anchored and the Fed has avoided a wage-price spiral.
BSP expects Feb inflation within 2.8%-3.6% range
The Bangko Sentral ng Pilipinas said increases in the cost of food and utilities picked up pace February, likely nudging inflation rate higher than the 2.8 percent posted in January.
Exodus of foreign funds accelerate in January
Opportunistic foreign investments that flowed out on gross basis in December last year accelerated by 84 percent the following January when this aggregated USD1.311 billion, the Bangko Sentral ng Pilipinas reported on Thursday.
Lower fee-based income, higher provisions weigh down Security Bank earnings in 2023
Security Bank Corp., the 10th largest lender in the Philippines, said Thursday its income declined to P9.1 billion last year from P10.6 billion in 2022, with gains from interest earnings offset by a sharp increase in provisions for credit and impairment losses and decline in fee-based and other income.
