Chinabank acquires 2/3 of Plantersbank

China Banking Corporation disclosed to the Philippine Stock Exchange that they have signed a memorandum of agreement to purchase at least 2/3 of the outstanding capital of Planters Development Bank.  The acquisition is subject to approval of the bank’s shareholders and regulatory offices.  Plantersbank is the Philippine’s largest private development bank and leading bank for […]

Daily Market Notes December 29, 2009 Window Dressing Upwards

PSEi   3,052.68         UP     19.84value php  3,464,582,725.00 After continuous days of gains, Wall street only ekes out a .2% gain on all three majors this time.  Meanwhile, the chances of the Fed raising rates by .25 in late January 2010 are over 50%. But the PSEi that faltered about last week made up for it in […]

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