All 113 Banking reports from the Media Meter Report Library, newest first.
GCash's parent company priced a record $966-million Philippine initial public offering while banks and consumer lenders spent the same day pushing installment, card and deposit offers. Reddit users raised unanswered questions about document requests, payment posting and a one-time password read into a bank's phone system.
Mynt Inc., the parent of mobile wallet GCash, closed an oversubscribed offer period for the Philippines' largest-ever share sale ahead of an October 20 listing, while the peso closed at a record low of P63.06 to the dollar and a study showed cash-on-delivery still accounts for about 23 percent of Philippine e-commerce value.
The House prosecution dropped three of four impeachment articles against Vice President Sara Duterte, leaving a single unexplained-wealth charge as representatives of eight major banks were called to testify. Separately, GCash parent Mynt closed an oversubscribed initial public offering priced at ₱6.60 a share.
The Senate impeachment court dropped three of four charges against Vice President Sara Duterte, leaving an unexplained-wealth case built on P817.87 million in allegedly undeclared assets. The same day, Mynt's GCash initial public offering closed oversubscribed ahead of an October 20 listing.
Mynt Inc.'s initial public offering closed with broker allocations oversubscribed up to four times, while a forensic analyst told the Senate impeachment court that Vice President Sara Duterte's alleged undeclared wealth could reach P1.5 billion.
Senate testimony on P817.87 million in alleged undeclared assets and P319.33 million in China-linked remittances dominated the day, while a BDO cardholder's disputed charge and a Taguig e-wallet scam drew consumer attention.
Testimony from bank and insurance executives in Vice President Sara Duterte's impeachment trial put BPI accounts and P817.87 million in allegedly undeclared assets at the center of Philippine financial conversation, while GCash's parent Mynt priced its initial public offering at P6.60 per share ahead of an October 20 listing.
Testimony in the Sara Duterte impeachment trial turned on how banks decide to file suspicious transaction reports, while the GCash parent's initial public offering drew heavy retail interest and the central bank flagged El Niño as its main inflation concern.
The peso closed at a record low of 62.90 to the dollar and the country's gross international reserves fell below $100 billion for the first time in three years, while the stock index posted its worst finish in nearly 11 months. The Senate impeachment trial of Vice President Sara Duterte also drew heavy coverage.
Day 35 of Vice President Sara Duterte's impeachment trial put more than P191.6 million in combined bank balances before the Senate, alongside P96 million in managers checks and P319.33 million in remittances to a family-linked firm. The same day, September inflation of 7.2 percent pushed analysts toward another central bank rate hike, and GCash parent Mynt drew heavy local demand for its record initial public offering.
Philippine inflation returned to a three-year high of 7.2 percent in September, pulling the stock index down even as Mynt opened the country's largest-ever initial public offering. The Senate impeachment trial of Vice President Sara Duterte examined bank records and China-linked remittances.
Anti-Money Laundering Council Executive Director Ronel Buenaventura testified on Day 33 of Vice President Sara Duterte's impeachment trial, disclosing P4.4 billion in covered and suspicious transactions involving Duterte and her husband, Manases Carpio, from 2007 to 2025. The same day, AMRO cut its 2026 Philippine growth forecast to 3.3 percent, and the government resumed education aid for decommissioned Moro Islamic Liberation Front fighters.
