Why lbc bank bankrupt

The article does not state processes on how the depositors can retrieve their deposits but it does state that there are , depositors in all.

The situation is significant because a lot of people are affected. If that so, the quality of news reporting should be up to standard because there is a demand for information since the media is the fastest way for the people to inquire and for them to know the things that they should do.

The manner of reporting is clear. The field reporter is able to pronounce every word correctly and without buckling or any flaws. How did you get so much information? Are you working for the government?

The readers would really appreciate if you could state your sources so that they can verify for themselves. Maybe the Senate could invite you to be their resource speaker or state witness.

Would you agree? Most of it is in the BSP website: www. The rest are newspaper articles searched via Google. Search This Blog. Editor's Note: This blog was inspired by the spectacular failure of Banco Filipino Savings and Mortgage Bank for the second time in its 38 years of existence. The problem is the credits were never settled. And because LBC Express failed to settle what it owed the bank, the steady buildup of cash advances became unmanageable and eventually too large that it broke the bank.

The state-owned Philippine Deposit Insurance Corp. LBC Bank assets are worth P5. An extraordinary share, I just considering this onto a colleague who had previously been doing somewhat evaluation because of this. Anf the husband actually , purchased me breakfast due to I discovered it for him.. So i can reword that: Thnx towards the cope with! However yeah Thnkx for investing the required time to debate this, I think strongly concerning this and love studying more in that topic.

Big thumb up for this reason blog post! Congrats Chelsea. Your email address will not be published. Skip to content. About The Author. James Ryan Jonas Prof. James Ryan Jonas teaches business strategy, investments, and entrepreneurship at the University of the Philippines UP for more than a decade now. Leave a Comment Cancel Reply Your email address will not be published.