President Benigno Aquino III has appointed Valentin A. Araneta as the new president and chief executive officer of the Philippine Deposit Insurance Corp. (PDIC), the state deposit insurer. Deputy Presidential spokesperson Abigail Valte said that the President signed Araneta's appointment papers on May 30, 2011.
by Willard Cheng, ABS-CBN News 06/11/2011 10:17 PM
MANILA, Philippines – Payments for depositors of Banco Filipino Savings and Mortgage Bank (BF) with balances of P10,000 and below have been dispatched by the Philippine Deposit Insurance Corporation (PDIC).
abs-cbnNEWS.com 06/08/2011 11:37 PM
Security Bank Senior Vice President Carlos Borromeo said Thursday that the bank is committed to staying independent.
06/03/2011 1:35 AM
MANILA, Philippines - The Court of Appeals (CA) has junked Banco Filipino's (BF) bid to reopen the troubled bank.
by Ina Reformina, ABS-CBN News 05/31/2011 9:19 PM
Officials of the Central Bank and its policy-making body, the Monetary Board, filed their counter-affidavits Thursday at the Justice dep't on charges of violations of RA 3019, also known as the Anti-graft and Corrupt Practices Act filed by stockholders of the Banco Filipino Savings and Mortgage Bank.
By Ina Reformina, ABS-CBN News 05/20/2011 1:11 AM
MANILA, Philippines - Former National Treasurer Sergio G. Edeza will take over as chief executive officer (CEO) of Bank of Commerce (BoC) starting June 13, 2011 following the resignation of its President and CEO Billy Z. Goquingco.
abs-cbnNEWS.com 05/17/2011 11:12 PM
MANILA, Philippines - The search for truth on the closure of Banco Filipino (BF) continued in today's hearing at the House of Representatives.
by Alvin Elchico, ABS-CBN News 05/17/2011 9:34 PM
NEW DELHI - In a bank with no security gates, guards or locks, deposits from thousands of customers from across India are stacked on shelves, protected from theft by the grace of god.
By Alka Pande, Reuters 05/07/2011 11:11 AM