December 15, 2017, 9:51 pm
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Banking And Finance

EastWest net up 60%

November 13, 2017
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Gotianun-led EastWest Bank (EW) reported a P3.75 billion net income for the first nine months of the year, up 60 percent over the same period in 2016, sustaining the 60 percent growth in the first half of 2017.  
 

PNB profits grow 37%

November 13, 2017
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The Philippine National Bank (PNB) registered net profits of P4.5 billion for the first nine months of 2017,aided by a 37 percent improvement in its net income for the third quarter compared to the same period last year, spurred by sustained momentum in core lending and fee-based activities.

Deficit worries complicate pa

November 13, 2017
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WASHINGTON- Unease among Republicans about a massive increase in the federal deficit could complicate passage of two tax-cut bills working their way through the US Congress, endangering President Donald Trump’s top legislative priority.

Tomorrow depends on what Yell

November 13, 2017
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Trillions of dollars of quantitative easing stimulus and years of zero - in some cases, negative - interest rates was central banks’  collective response to the crisis. This action  was underpinned by their words,  the commitment to keeping policy  ultra-loose for as long as was deemed  necessary, a la Draghi’s “whatever it takes”.
 

Euro budget, ESM, banking uni

November 13, 2017
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BERLIN- German parties exploring a coalition government remain divided on the issues of a euro zone budget, Europe’s banking union and its ESM bailout fund ahead of a meeting of party leaders later on Friday, according to a draft paper on Europe seen by Reuters.

Lawmaker tells ECB to drop ba

November 13, 2017
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FRANKFURT- The European Central Bank should scrap plans for industry-wide rules to force banks to clean up bad loans, the head of the European Parliament’s influential economic affairs committee said on Friday, as lawmakers dug in their heels in a dispute.

BSP reinforces cyber resilienc

November 06, 2017
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If not properly managed, cyber-threats and attacks launched against Bangko Sentral supervised financial institutions (BSFIs) may result in operational, legal, reputational, and systemic risks.

Central bankers on the move,

November 06, 2017
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LONDON- Now the Bank of England has raised interest rates for the first time in a decade, it is beyond doubt major central banks in industrialized economies are eager to shift away from ultra-easy policy.

US lawmakers to introduce bil

November 06, 2017
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WASHINGTON- A bipartisan group of lawmakers in the US Senate and House of Representatives will introduce bills as soon as Monday that would increase scrutiny of foreign investment in the United States amid growing concern about Chinese deals, according to a source familiar with the legislation.

Inflation will struggle to hi

November 06, 2017
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LONDON- The European Central Bank could start a more defined ‘tapering’ of its stimulus program next September, one of its policymakers said on Friday, even though it was likely to struggle meeting its inflation target for years.

Pages

Front Page

Column of the Day

Santa Claus isn’t coming

By DAHLI ASPILLERA | December 15,2017
‘Kids, sorry to say that Santa Claus is not coming this year. Things are falling apart in the North Pole.’

Opinion of the Day

Duterte doesn’t rule out nationwide martial law

By ELLEN TORDESILLAS | December 15, 2017
‘Duterte does not even bother to allay these concerns.’