by Reuters on December 02, 2013 72 View(s) 0 Comment(s)
LONDON - More than 3,500 bankers in Europe earned 1 million euros ($1.4 million) or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.
Despite the recent looming concerns over the pork barrel issue, US government shutdown last October and the impact of natural calamities, the business outlook for the Philippines is on course to remain positive for the final quarter of the year.
The Bangko Sentral ng Pilipinas is expected to keep the low interest rate environment in order to have a positive response to super typhoon Yolanda’s devastation well into 2014, according to the investment banking arm of Metrobank.
by Reuters on November 25, 2013 78 View(s) 0 Comment(s)
SYDNEY - Australia’s central bank said there was mounting evidence past cuts in interest rates were working to stimulate the economy, though it would not rule out the chance of easing further if necessary.
Asia United Bank (AUB) intends to offer P2-Billion in Long Term Negotiable Certificates of Time Deposit (LTNCD). This comes after the company’s P7- billion Initial Public Offering (IPO) earlier in the year.
by Reuters on November 25, 2013 92 View(s) 0 Comment(s)
NEW YORK - JPMorgan Chase & Co and US government officials have agreed on terms of a $4 billion consumer relief package that is to be part of a $13 billion deal to settle the bank’s liability to government agencies over mortgage securities, according to a person familiar with the matter.
Results of the Q3 2013 Senior Bank Loan Officers’ Survey (SLOS) showed that most of the respondent banks maintained their credit standards for loans to both enterprises and households during the quarter based on the modal approach.
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