The Urban Bank case: a statement from Borlongan

The following is a statement from Teodoro C. Borlongan, President of Urban Bank in the Philippines at the time it was taken over by the Monetary Board and the Philippine Deposit Insurance Corporation. FinanceAsia magazine in its July 2000 issue published The Baptism of the Liquidator, an account of the Urban Bank closure from the point of view of the PDIC. Borlongan and other Urban Bank officials are facing charges of economic sabotage.

In various...

To continue reading, please login or register for free

Click for more on: urban | bank | case | statement | borlongan

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...