By Ma. Teresa Diaz
From a roving salesman of everything from bath soaps, laundry detergents to toothpaste, Frank Sevilla rose to become the highest ranking Filipino at Lloyds Bank—one of England’s oldest banks— when it first opened its office in the Philippines in 1977.
Wall Street stocks Thursday finished little changed with the S&P 500 inching to a new record following mixed US economic data and a flood of corporate earnings.
Trading on local stocks on Thursday were muted as investors lacked incentives to load up on equities ahead of a “ghost month.”
Local banking giant Metropolitan Bank and Trust Co. plans to raise as much as P20 billion from an offering of high-yielding deposits, seeking to harness funds from the cash-awash financial system.
Asian markets mostly rose Thursday as an index of Chinese manufacturing activity hit an 18-month high in July, boosting hopes for the world’s No. 2 economy, as concerns over the Ukraine crisis eased.