01:52 PM EDT, 10/07/2024 (MT Newswires) -- Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index shedding 0.8% and the Financial Select Sector SPDR Fund (XLF) down 1%.

The Philadelphia Housing Index was down 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was retreating 0.8%.

Bitcoin (BTC-USD) was increasing 1.5% to $63,631, and the yield for 10-year US Treasuries was rising 3.7 basis points to 4.02%.

In corporate news, Blue Owl Capital (OWL) said that it agreed to buy the business of digital infrastructure fund manager IPI Partner for about $1.0 billion. Blue Owl shares were little changed.

Territorial Bancorp ( TBNK ) said it's urging investors to reject a proposed takeover proposal from Blue Hill Advisors and instead support its proposed merger with Hope Bancorp ( HOPE ) , describing Blue Hill's non-binding express of interest as "illusory." Territorial shares were falling 5.2% and Hope was down 1.2%.

Santander (SAN) is reorganizing the leadership of its wealth management and insurance division under new boss Javier Garcia-Carranza, Bloomberg reported. The Spanish financial giant's shares were rising 1.5%.