Yields on term deposits decline

YIELDS on the central bank’s term deposits dropped on Wednesday on expectations of slower economic activity amid the lockdown. — BW FILE PHOTO YIELDS on the central bank’s term deposits slipped on Wednesday as some restrictions remain in place, which could slow down economic activity and bring down inflationary pressures. Total tenders for the term […]

‘Dirty money’ risk deemed moderate for PHL banks — BSP

FINANCIAL INSTITUTIONS in the Philippines have a “medium” risk of exposure to activity related to money-laundering and terrorist financing, according to a risk assessment conducted by the Bangko Sentral ng Pilipinas (BSP). “The wide array of financial products and services, size of transactions, as well as the growing physical and digital network or delivery channels […]

Banks urged to hold off on hiking ATM fees, use excess capital to expand services

BANKS SHOULD USE their excess capital to expand their services instead of increasing fees for cash machine services, a lawmakers said, after the Bangko Sentral ng Pilipinas tweaked its rules on fees this month. Anakalusugan party-list Representative Michael T. Defensor said in a statement on Thursday that banks have surplus capital since automated teller machine […]