Banking & Insurance
BSP’s coin deposit campaign wins Anvil Silver Award
Bangko Sentral ng Pilipinas (BSP) deputy director Jann Ryan D. Jose (right) and bank officer Samantha Franchezka S. Ching (middle) received the Anvil Silver...
IMF urges BOJ to end bond yield control, huge asset buying
The Bank of Japan should consider ending its yield curve control and massive asset purchases now, then gradually raise short-term interest rates, the IMF said on Friday, as markets ramp up bets on a near-term turn in the central bank's ultra-easy policy.
As China woes mount, investment banks brace for more Asia job cuts
Job cuts at western investment banks in Asia are expected to increase this year as revenue pressures rise due to deepening economic and market turmoil in China, even as deal prospects brighten in Japan and India, headhunters and bankers said.
Consumer purchases, real estate loans help push bank lending 7 percent higher in December
The outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas, grew by 7 percent year-on-year in December 2023, the same rate of increase a month prior. On a month-on-month seasonally-adjusted basis, outstanding universal and commercial bank loans, net of RRPs, increased by 0.3 percent.
OwnBank, Mastercard launch debit card that simplifies financial management and transactions
OwnBank, a digital-only bank, teams up with Mastercard to serve customers with enhanced banking convenience, more rewarding card offers, and secure digital transactions. The partnership aims to foster financial inclusion and poised to introduce new and sophisticated solutions that empower individuals and businesses across the country.
