Nov 21, 2019 | Business, Nation
By Rommel F. Lopez State deposit insurer Philippine Deposit Insurance Corporation (PDIC) said it will file criminal charges against officers and employees of the closed AMA Rural Bank (RB) of Mandaluyong, Inc. “for refusal to comply with their legal duty to account...
Nov 9, 2019 | Business, Nation
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has ordered the closure of AMA Rural Bank of Mandaluyong, Inc. and directed the Philippine Deposit Insurance Corporation (PDIC) as Receiver to proceed with the takeover and liquidation of the bank. PDIC...
