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The Monetary Board has ordered Metro-Cebu Public Savings Bank to stop doing business and be placed under liquidation, the fifth bank to be shuttered so far this year. Earlier this year, the MB sent out similar orders…
TWO residential lots and a commercial property in Cebu with a total land area of 3,421 sq.m. are among the P32.9 million worth of assets to be auctioned by the Philippine Deposit Insurance Corp. (PDIC) at the…
THE Philippine Deposit Insurance Corp. (PDIC) will hold a forum with the depositors and borrowers of the shuttered Lapu-Lapu Rural Bank, Inc. on February 12, Friday, at the Carcar City Complex, about 40 kilometers south of Cebu…
State-owned Philippine Deposit Insurance Corp. (PDIC) will start servicing the claims of depositors of the recently closed Lapu-Lapu Rural Bank, Inc. in the third week of this month. PDIC public information officer Nathanael A. Tumbokon said the…
The heat is on for Lapu-Lapu City Mayor Paz Radaza after a criminal complaint was filed against her by the Philippine Deposit Insurance Corp. (PDIC) over alleged fake loans in the shuttered Subangdaku Rural Bank where she…
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