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Summit Securities standalone net profit declines 77.54% in the March 2021 quarter

Read more about Summit Securities standalone net profit declines 77.54% in the March 2021 quarter on Business Standard. Sales decline 73.12% to Rs 4.76 crore ....

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Shares to move sideways on profit taking, BSP

BusinessWorld
February 14, 2021 | 9:00 pm
THE MARKET is expected to trade sideways this week as investors look forward to the start of the government’s coronavirus disease 2019 (COVID-19) vaccination program and following the central bank’s decision to keep interest rates at their current record lows.
The benchmark Philippine Stock Exchange index (PSEi) declined by 91.14 points to close at 6,991.01 on Thursday from its 7,019.18 close on Feb. 5. Financial markets were closed on Friday in observance of Chinese New Year.
The market’s average value turnover went up by 23.97% last week to 12.36 billion.
“The local index closed the week in the red after attempting to head higher through the week. The market’s strength early in the week was likely driven by global investor optimism on renewed recovery and vaccine prospects. However, this strength eventually faded as prices hit resistances, and investors took profits following the gains over ....

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The closing chapter on the Metropolitan Mortgage saga > Spokane Journal of Business

Metropolitan bankruptcy saga likely has concluded
-Journal File Photo
This 2004 photo shows the former Metropolitan Financial Center shortly after Metropolitan Mortgage and some tenants began vacating it.
U.S. Bankruptcy Court trusts have issued what might be the final payments to investors who lost hundreds of millions of dollars when Spokane-based Metropolitan Mortgage & Securities Co. and affiliate Summit Securities Inc. shut down nearly two decades ago.
The latest distribution checks mailed to beneficiaries by the Metropolitan Creditors’ Trust and Summit Creditors’ Trust totaled nearly $13 million, according to an accompanying Dec. 16 letter of explanation from Maggie Lyons, Coeur d’Alene-based trustee and plan administrator for both trusts. ....

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