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BSP closes rural bank in Southern Leyte

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Bangko Sentral ng Pilipinas (BSP). RYAN LEAGOGO/INQUIRER.net

Monetary authorities have shut down a rural bank in Southern Leyte and placed it under Philippine Deposit Insurance Corp. (PDIC) receivership.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

BDO Unibank opens Seoul office

By
SCREENGRAB from www.bdo.com.ph

The country’s largest lender BDO Unibank Inc. has gained a foothold in South Korea to position itself to capture new business from Koreans who are keen on investing or living in the Philippines.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

4 banks funding PAL buyback

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The group of tycoon Lucio Tan is raising $780 million to cement control of flag carrier Philippine Airlines (PAL) through a bridge financing from four big local banks, with the bulk to come from banks led by the family of taipan Henry Sy.

Posted: September 10th, 2014 in Headlines | Read More »

Oil prices down in Asian trade

gas

Oil prices fell in Asian trade Monday on a stronger dollar as investors digested Federal Reserve chief Janet Yellen’s defense of the bank’s monetary policy, analysts said.

Posted: August 25th, 2014 in Latest Business Stories | Read More »

BPI Family Bank to pioneer auto loan securitization

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Screengrab from http://www.bpiloans.com/

Leading thrift bank BPI Family Bank plans to pioneer auto loan securitization in the country by unloading part of its auto loan portfolio into a special purpose trust (SPT) which will in turn sell P5 billion in retail bonds backed by these receivables.

Posted: August 20th, 2014 in Latest Business Stories | Read More »

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