Banking & Insurance
BSP marks win vs former Benguet coop bank officials handing excessive DOSRI loans
The Bangko Sentral ng Pilipinas (BSP) has scored another win in the continuing fight against unlawful banking practices with the conviction of former officials of the Cooperative Bank of Benguet by the Regional Trial Court of that province.
US regional banks tumble for second straight day on NYCB woes
U.S. regional banks sold off again on Thursday, adding to losses from a day earlier when New York Community Bancorp NYCB.N reported increased stress in its commercial real estate portfolio, renewing fears about the industry's health.
BTr raises P30B via bond auction to support 2024 budget
The Bureau of the Treasury (BTr) awarded in full the P30 billion worth of three-year bonds at the auction Tuesday.
BPI targets opening 50 “phygital” bank branches within the year
The Bank of the Philippine Islands (BPI) targets opening within the year 2.5 times more phygital bank branches than it has at the moment as part of the larger goal of meeting the requirements of its digital clients.
BTr awards P15 billion of T-bills on strong demand
The National Treasury awarded the entire P15 billion it offered at the treasury auction on Monday due to still strong demand for government debt.
