Yahoo! Philippines News - Latest Philippines News & International News Headlines: Depositors join court battle, oppose Banco Filipino's liquidation

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Depositors join court battle, oppose Banco Filipino's liquidation Mar 4th 2013, 23:28 A group of Banco Filipino Savings and Mortgage Bank depositors on Monday asked the Court of Appeals to stop the liquidation of the bank and the sale of its assets. In their petition, the depositors asked the CA if they could intervene in a case involving the Monetary Board's resolutions ordering the closure of Banco Filipino and its placing under the receivership. The Monetary Board on March 17, 2011 issued Resolution 372-A ordering the immediate closure of Banco Filipino and placing the bank under the control of the Philippine Deposit and Insurance Corporation. ...

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