By Michelle V. Remo
National Treasurer Rosalia de Leon on Wednesday said the higher interest rates on peso-denominated government securities was an “overreaction” of the market to the US Federal Reserve’s tapering mode.
The London Whale trading loss is JPMorgan Chase’s legal headache-of-the-week, but it’s hardly its only problem.
US banking giant JPMorgan Chase said Thursday it is facing parallel civil and criminal investigations over its sale of mortgage-backed securities before the financial crisis.
Asian markets fell Thursday with Tokyo plunging more than seven percent as investors took profits after weak Chinese data and signs the US Federal Reserve could start tapering off its massive stimulus measures.
Conglomerate San Miguel Corp. is selling 10-year bonds at an initial price guidance of 5.125 percent a year as part of its newly established $2-billion Euro Medium Term Note (EMTN) program.