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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 »

Doing a Murdoch

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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.

Posted: April 10th, 2012 in Editor's Pick,Headlines | Read More »

BSP, Monetary Board ask 3 CA justices to inhibit from Banco Filipino case

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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.

Posted: March 14th, 2012 in Latest Business Stories | Read More »

Banco Filipino ordered reopened

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Banco Filipino. AFP FILE PHOTO

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.

Posted: February 2nd, 2012 in Editor's Pick,Featured Gallery,Headlines,Latest Business Stories | Read More »

CA rules closure of Banco Filipino ‘illegal’

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Banco Filipino. AFP FILE PHOTO

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.

Posted: February 1st, 2012 in Featured Gallery,Latest Business Stories | Read More »

Biz Buzz: Star-struck MVP

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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 [...]

Posted: August 7th, 2011 in Headlines | Read More »

BSP, Monetary Board need not give P25-B aid to Banco Filipino

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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.

Posted: July 29th, 2011 in Latest Business Stories | Read More »

CA refuses to lift preliminary injunction in BF case

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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.

Posted: June 12th, 2011 in Latest Business Stories | Read More »

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