Noticias de dinero

Credit Card Transaction Ceilings Saved by BSP

Interest rate and limits on processing fees for credit card transactions will remain at current levels ahead of a review next year, Bangko ng Sentral ng Pilipinas (BSP) announced on Tuesday. Circular 1098, issued by the Monetary Board on September 24, 2020, set the maximum interest rate or fee for unpaid outstanding credit card balances

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Noticias de dinero

BSP maintains limit on credit card transactions

According to Bangko Sentral ng Pilipinas (BSP), the Monetary Board has decided to maintain the existing ceilings for credit card transactions. BSP stated that this decision supports the provisions of Circular 1098 of September 24, 2020. Therefore, the following ceilings remain in effect. The BSP said the “reasonableness” of the credit ceilings will be reviewed

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Noticias de dinero

PPI, NY Fed Mfg, Q3 Household Debt and Credit

on Estimated risk per 11/14/2022 20:01:00 From Matthew Graham of Mortgage News Daily: Mortgage rates are virtually unchanged after a huge drop last week If you’re just confused, last Thursday was one of the records – at least when it comes to daily records that have been around since 2009. No other day has seen

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P5-B Disaster Credit Available – Pag-IBIG

Pag-IBIG Foundation leaders announced that the agency has provided 5 billion pesos in a disaster loan to help members affected by Tropical Storm Paeng. “We are ready to help our members affected by Typhoon Paeng with our Disaster Loan Program. We initially identified a total of 344,000 affected participants in Region 4A (Calabarzon or Cavite,

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Noticias de dinero

Banks maintained credit standards in Q3

According to Bangko Sentral ng Pilipinas (BSP), MORE banks have maintained their general lending standards for businesses and households. In its latest survey of senior bank loan officers released Friday, BSP reported that 77.1% of responding banks maintained credit standards between July and September. “In terms of specific lending standards, a net tightening of general

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Credit Suisse is one of 13 banks in Europe that are too big to fail, but it looks like it could fail

After a series of scandals, bad investments and terrible risk management, Switzerland’s second largest bank, Credit Suisse, is close to the brink. Yesterday’s long-awaited release of Credit Suisse’s third-quarter financial results, as well as its latest strategic review, provided a somewhat clearer picture of just how bad things really are under the hood. And it

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