downfall of bajo filipino and CAP

 Essay on downfall of banco philippine and LIMIT

п»їOctober 13, 2013

Banco Philippine and College Assurance Program

Banco Philippine was established in 1964. It then set out to keep its indicate as an innovator, by conceiving the first all-woman bank department, which started to be a hit, in 1965, and by 69 became the first financial institution to method online deals in real time, providing customers a chance to deposit in any online HUBBY branch. By 1966 till its seal in 1985, BF was the largestВ savings bankВ in the Israel. On January 25, 85, even though Banco Filipino was performing very well and was seen by most people as being a very healthful bank, theВ Bangko Sentral ng PilipinasВ ordered it is closure over alleged insolvency. For most with the 1980s, Bajo Filipino could remain shut down, until a 1991 ruling made by theВ Supreme CourtВ declared the bank's seal illegal. Banco Filipino consequently reopened, even though only with fifteen of its original 92 branches, in 1994. For much of the remaining 1990s, Banco Filipino would be busy trying to re-establish itself. Couple of years later, BF shares were re-listed about theВ Philippine Stock Exchange, and the Great Court reported in 1999 that Banco Philippine is eligible for damages obligations caused by the illegal closure. In 2011, Bajo Filipino Savings and Home loan Bank mismanaged P15 billion dollars worth of deposits causing anew inside the collapse and closure in the biggest personal savings bank near your vicinity. The BSP said that officers of Banco Filipino engaged in unsafe and unsound financial practices by offering high interest levels, continued luxurious spending, and leaving loans extended to stockholders, officials and related entities outstanding.

University Assurance Plan or LIMIT is a recognized college confidence for the Filipinos. A large number of Filipinos buy such arrange for their kid's education. However, many reason, it collapses which usually sent the dreams of hundreds of thousands of people planning to graduate school crashed down. CAP gone bankruptcy because of the continuously having higher and higher tuition fee in the...


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