A group of Banco Filipino (BF) depositors and bank employees has asked the Court of Appeals to allow them to intervene in the case against the bank, particularly in the liquidation of the shuttered bank’s assets.
Depositors of Banco Filipino on Monday asked the Court of Appeals, Bangko Sentral ng Pilipinas, Monetary Board, and the Philippine Deposit Insurance Corp. (PDIC) to halt the liquidation of the bank and to stop the sale of its assets.
A controversy arose over the recent pronouncement of Internal Revenue chief Kim Henares that Christmas bonuses would be subject to withholding tax.
The Court of Appeals has reversed its decision ordering the reopening of Banco Filipino Savings and Mortgage Bank, saying the move of the regulators to shut down the bank had basis.
He may have missed the opportunity to take over flag carrier Philippine Airlines, but businessman Manuel V. Pangilinan isn’t losing sleep over it, said a source close to the First Pacific chief.
The Bangko Sentral ng Pilipinas (BSP) and the Monetary Board (MB) has asked three Court of Appeals justices hearing the case of the Banco Filipino Savings and Mortage Bank to inhibit themselves from the case.
The Court of Appeals on Wednesday ordered the Bangko Sentral ng Pilipinas to reopen Banco Filipino (BF) Savings and Mortgage Bank and to extend to it within 30 days state financial assistance worth more than P25 billion.
The Court of Appeals ordered the Bangko Sentral ng Pilipinas (BSP) to reopen Banco Filipino and provide a P25-billion financial aid contained in the business plan previously approved by the BSP and the Monetary Board.
Being the patron of the recent NBA All-Stars vs PBA Smart Gilas basketball showdown in Manila, businessman and sports enthusiast Manuel V. Pangilinan, a.k.a “MVP,” got to bring home the ball used during the much-raved about games, which he, in turn, gave to one lucky nephew. Aside from the ball, there was another much-coveted souvenir [...]
The Court of Appeals on Friday reversed the decision of the Makati City Regional Trial Court that ordered the Bangko Sentral ng Pilipinas (BSP) and the Monetary Board to provide up to P25 billion in financial assistance to the now closed Banco Filipino Savings and Mortgage Bank.
The Court of Appeals has denied the plea of the Banco Filipino Savings and Mortgage Bank for the lifting of the writ of preliminary injunction that had stopped what could have been a P25-billion assistance package for the beleaguered bank.
Depositors who have P10,000 or less with Banco Filipino Savings and Mortgage Bank should file their claims with Philippine Deposit Insurance Corp., as the agency has no way of reaching some 25,000 of them. PDIC executive vice president Cristina Q. Orbeta, who is also the agency’s officer-in-charge, said Wednesday the agency had been sending payments [...]
