banking

ECB’s multitrillion payments breakdown spooks Europe

FRANKFURT—Banks struggled to process payments on Friday after an unprecedented day-long breakdown in the European…

$283.7M in ‘hot money’ fled PH in Jan

Flighty foreign funds continued to leave the Philippines in January, as the release of disappointing…

FATF ‘gray list’ exit seen to boost banks

Banks and other financial institutions will likely benefit the most from the country’s exit from…

PDIC doubles bank deposit insurance to P1M

The Philippine Deposit Insurance Corp. (PDIC) will double the protection for bank deposits, marking the…

BPI Boracay 200: Banking on the future of Philippine sailing

Some of the country’s finest sailors—many of whom are also entrepreneurs and business leaders—conquered strong…

Demand for loans lifts Chinabank earnings to P24.8B

Growth across the core businesses of China Banking Corp. (Chinabank) offset higher expenses last year,…

BIZ BUZZ: Unionbank’s expansion plan

Even though it has been ramping up its digital services, Aboitiz-led Unionbank of the Philippines…

PNB’s full-year profit puffed up to P21.2B in ’24

Taipan Lucio Tan-led Philippine National Bank (PNB) recorded an 18-percent climb in its earnings last…

GCash expands footprint in North America, ties up with Viamericas

Overseas Filipino workers (OFWs) in North America can now send money home in real time…

RCBC profit shrank by 22% to P9.5B

A one-time benefit recognized in 2023 outweighed gains in Yuchengco-led Rizal Commercial Banking Corp.’s (RCBC)…