+ Follow BARTOLOME AND BORLONGAN Tag
BARTOLOME AND BORLONGAN
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(
[ArticleID] => 221736
[Title] => Urban Bank management declared bank holiday
[Summary] => The decision to place Urban Bank Inc. under receivership three years ago was the key to the bank’s rehabilitation, which allowed the depositors to get their money back.
That was the argument placed by Bangko Sentral ng Pilipinas Governor Rafael B. Buenaventura in his motion filed with the Court of Appeals (CA). Buenaventura stressed that he cannot be held liable for the bank’s closure because "it was Urban Bank’s management itself that closed the bank when it declared a bank holiday."
[DatePublished] => 2003-09-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[1] => Array
(
[ArticleID] => 159150
[Title] => Urban Bank execs face estafa charges
[Summary] => Top officials of the defunct Urban Bank and its affiliate, Urbancorp Investments Inc. are now neck-deep in the technicalities of the three estafa cases filed by banking authorities, leaving no room for the immediate resolution of the case.
Bangko Sentral ng Pilipinas (BSP) general counsel Juan de Zuniga said that the Makati Regional Trial Court still has to rule on the motion to quash filed by the respondents, holding up the entire proceedings.
[DatePublished] => 2002-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 137603
[Title] => Urban Bank top brass responsible for its closure, says Ombudsman
[Summary] => The Office of the Ombudsman has placed the blame for the closure of Urban Bank Inc. squarely on its former president, Teodoro Borlongan Jr., and chairman Arsenio Bartolome III.
"It bears stress that what precipitated the closure (of Urban Bank) was the declaration of a bank holiday by the bank’s pricipal officials (Borlongan and Bartolome) concurred in by the directors," Ombudsman Aniano Desierto said in a decision on a complaint lodged against the Bangko Sentral ng Pilipinas by former Quezon City Rep. Michael Defensor.
[DatePublished] => 2001-10-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 96455
[Title] => Urban Bank directors testify versus Bartolome, Borlongan
[Summary] => Top officials of failed Urban Bank face more legal troubles as directors of the bank complained they were kept in the dark by Urban Bank chairman Arsenio Bartolome III and president Teodoro Borlongan as to the real financial condition of the bank.
In an affidavit submitted to the Makati Regional Trial Court, 10 directors of Urban Bank testified they were never informed that the bank was in financial straits, prompting a number of them to even deposit millions of pesos just a few days prior to the closure of the bank.
[DatePublished] => 2001-03-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 96345
[Title] => Prospects for Urban Bank appear to dim
[Summary] => Urban Bank faces liquidation unless it finds a "white knight" before April 26, a year after it declared a bank holiday.
The possibility of liquidating the bank loomed even as Philippine Deposit Insurance Corp. (PDIC) president Norberto Nazareno said there are at least four groups, including three local commercial banks and a group of depositors that have expressed interest in taking over Urban Bank and implementing a rehabilitation plan to bring it back to profitability.
[DatePublished] => 2001-03-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 96210
[Title] => DOJ files new estafa charges vs 11 Urban Bank officials
[Summary] => The Department of Justice (DOJ) has filed with the courts new charges of estafa involving P1.8 billion against 11 Urban Bank officers led by Arsenio M. Bartolome and Teodoro C. Borlongan, chairman and president of the bank, respectively.
As this developed, banking sources said the new charges hurled at Urban Bank have further eroded its chances of finding a ‘white knight’ to bail it out and implement a recovery program.
[DatePublished] => 2001-02-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 89700
[Title] => Two Urban Bank officials cleared of estafa charges
[Summary] => Two former executives of the failed Urban Bank Inc. (UBI) have been cleared by a Makati court of estafa charges filed against them by the Department of Justice (DOJ) in connection with their alleged involvement in the misuse of P2.8 billion in depositors’ money.
Regional Trial Court (RTC) Judge Zeus Abrogar junked the case against former Urban Bank chairman Arsenio Bartolome III and corporate secretary Corazon Bejasa for lack of merit.
[DatePublished] => 2001-02-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096652
[AuthorName] => Delon Porcalla
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[7] => Array
(
[ArticleID] => 89114
[Title] => DOJ: Economic sabotage raps vs UBI execs
[Summary] => The Department of Justice (DOJ) has recommended the filing of economic sabotage charges against 10 former officials of failed Urban Bank Inc. (UBI) for allegedly conspiring to misappropriate P2.8 billion in depositors’ money.
State prosecutors had initially recommended no bail for the respondents. The recommendation was later modified by Chief State Prosecutor Jovencito Zuño, allowing the UBI officials to post bail.
Charges are set to be filed today at the Makati regional trial court.
[DatePublished] => 2000-12-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096652
[AuthorName] => Delon Porcalla
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[8] => Array
(
[ArticleID] => 98489
[Title] => Urban Bank case remains on track, says Bangko Sentral
[Summary] => The Bangko Sentral ng Pilipinas (BSP) issued yesterday a statement concerning earlier news reports about certain groups pressing for the immediate reopening of Urban Bank. Following is the BSP’s side on the issue:
[DatePublished] => 2000-10-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 88368
[Title] => Solon seeks ouster of BSP head for Urban Bank mess
[Summary] => An opposition congressman sought the ouster yesterday of Governor Rafael Buenaventura of the Bangko Sentral ng Pilipinas (BSP) for alleged conflict of interest and irresponsible action in the closing of Urban Bank.
"Whimsical, irrational and irresponsible action (on the part of Buenaventura) has no place in the Bangko Sentral," declared Assistant Minority Leader Michael Defensor (LP, Quezon City) in a privilege speech.
[DatePublished] => 2000-10-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
)
)
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September 23, 2003 - 12:00am
October 23, 2001 - 12:00am
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October 4, 2000 - 12:00am
