House to probe LandBank for losing P500M in bad loans to cooperatives

The House of Representatives will investigate the Land Bank of the Philippines (LandBank) to determine whether the state-owned bank was lax for losing around P500 million in loans to cooperatives and financial institutions in the provinces.

Posted: May 8th, 2012 in Latest Business Stories | Read More »

DBP lawyer Pinpin’s suicide due to ‘harassment’ by new board, says former boss

By Daxim L. Lucas

Benjamin Pinpin—the mid-level lawyer at the Development Bank of the Philippines who committed suicide last August—was driven to depression after he received successive letters from the bank’s board of directors threatening imminent legal action for his role in a purportedly anomalous loan to businessman Roberto Ongpin.

Posted: November 14th, 2011 in Latest Business Stories | Read More »

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