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CA stands pat on ruling affirming Banco Filipino closure

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FILE PHOTO

The Court of Appeals stood pat on its last year’s ruling affirming the legality of the closure of Banco Filipino (BF) Savings Mortgage Bank for failure to settle its obligations.

Posted: December 17th, 2013 in Latest Business Stories | Read More »

Depositors want say in Banco Filipino case

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Banco Filipino. AFP FILE PHOTO

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.

Posted: March 5th, 2013 in Latest Business Stories | Read More »

Banco Filipino depositors want bank’s liquidation stopped

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Banco Filipino. AFP FILE PHOTO

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.

Posted: March 4th, 2013 in Latest Business Stories | Read More »

Biz Buzz: A taxing bonus

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A controversy arose over the recent pronouncement of Internal Revenue chief Kim Henares that Christmas bonuses would be subject to withholding tax.

Posted: November 28th, 2012 in Headlines | Read More »

Court reverses rule on Banco Filipino reopening

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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.

Posted: November 26th, 2012 in Headlines | Read More »

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