Banking & Insurance
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.
Union Bank 2023 net profit fall to P9.2 billion on Citi integration cost
Union Bank of the Philippines said Friday its net income in 2023 dropped to P9.2 billion from P12.7 billion in 2022, hurt by the cost of integrating the recently acquired consumer business of Citi.
