Depositors of closed bank may get paid this month

Vanessa Claire Lucero 02/03/2016

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…



Courier and remittance group LBC Express is bracing for administrative and operational challenges as the garnishment of its bank accounts started last week in line with a P1.8-billion collection claim filed by the state-controlled Philippine Deposit Insurance…

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