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‘Total disaster’: Phantom billions plunge Wirecard into chaos

FRANKFURT/MANILA — Wirecard said on Monday that 1.9 billion euros ($2.1 billion) it had booked in its accounts likely never existed, a black hole...

Very clear Wirecard deposit certificate was ‘spurious’, BPI CEO says

MANILA — Bank of the Philippine Islands Chief Executive Cezar Consing said it was clear that a certificate purporting to be for a Wirecard deposit was “spurious” and reiterated that no cash from the German payments firm had entered the bank.

BPI raises P15.3 billion from bond offer

BANK OF THE Philippine Islands (BPI) raised P15.3 billion in peso-denominated bonds following strong demand, marking its second largest issuance to date in the local debt market.

BPI raises P3 billion from LTNCDs

BANK OF THE Philippine Islands (BPI) has raised over P3 billion from long-term negotiable certificates of time deposit (LTNCTD), which it listed on the Philippine Dealing and Exchange Corp. (PDEx) on Friday.

How’s life after retirement for top-ranking executives

By Mark Louis F. Ferrolino, Special Features Writer Retirement is a life-changing decision. It is the point of life when one’s old day-to-day routine officially ends....

BPI to issue Swiss franc-denominated green bonds

BANK of the Philippine Islands (BPI) will issue its first two-year, 100-million Swiss franc-denominated, negative-yielding green bond, proceeds of which will be used to fund environmental projects through its Green Finance Framework.

Bank of the Philippine Islands gets investment-grade rating from S&P

AYALA-LED Bank of the Philippine Islands (BPI) secured on Tuesday a “BBB+” long-term and “A-2” short-term issuer credit ratings (ICR) with a stable outlook from S&P Global Ratings.

BPI eyeing fresh dollar bond issuance this year

AYALA-LED Bank of the Philippine Islands (BPI) will remain “opportunistic” in tapping the dollar bond market this year for its funding requirements, a senior bank official said on Thursday.

Dealing with the most constructive yet destructive force in the financial...

By Mark Louis F. Ferrolino, Special Features Writer For several decades, traditional banks have held a dominant market share with little modification to their business models....

Combatting bank scams and frauds

Scams and frauds remain a serious threat to financial institutions and consumers, especially these days when fraudsters are becoming more sophisticated as the technologies...

BPI raises P50 billion from stock rights offering

BANK OF THE Philippine Islands (BPI) has completed its stock rights offer (SRO), raising P50 billion to fund its business operations and expansion. In a...

BPI wins approval from PSE for up to P50-B rights offer

BANK of the Philippine Islands (BPI) said it obtained approval from the Philippine Stock Exchange (PSE) to conduct a stock rights offering (SRO), with...

Operational lapses caused BPI system glitch — BSP

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK has found operational lapses that led to a two-day internal glitch at the Bank...

BPI LTNCTD issue expanded to record P12.24-billion

BANK of the Philippine Islands (BPI) listed P12.24 billion worth of long-term notes yesterday, marking the entry of the bank into the fixed income...

BPI posts higher income

BANK of the Philippine Islands (BPI) saw an increase in its net income in the third quarter, driven by the growth in its interest-bearing...

BPI launches first tranche of LTNCTD issue

BANK of the Philippine Islands (BPI) said it began offering on Friday the first tranche of a long-term note issue worth P5 billion to...