SC junks Banco Filipino plea for P25-B assistance
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The Supreme Court has rejected Banco Filipino’s bid to secure P25 billion in financial assistance from the Bangko Sentral ng Pilipinas (BSP), ruling that the now-shuttered thrift bank “lacked the capacity to sue.” In a 24-page decision penned by AssociaSC junks Banco Filipino plea for P25-B assistance
The Supreme Court has rejected Banco Filipino’s bid to secure P25 billion in financial assistance from the Bangko Sentral ng Pilipinas (BSP), ruling that the now-shuttered thrift bank “lacked the capacity to sue.” In a 24-page decision penned by Associate Justice Marvic Leonen, the high court dismissed Banco Filipino’s petition to enforce a 2010 Makati [...] The post SC junks Banco Filipino plea for P25-B assistance appeared first on The Manila Times Online. Read more