+ Follow FAR EAST BANK AND TRUST CO Tag
FAR EAST BANK AND TRUST CO
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 378529
[Title] => BSP okays BPI divestment in FEB Savings Bank
[Summary] =>
The Bangko Sentral ng Pilipinas (BSP) has approved the sale of the Bank of the Philippines Islands (BPI) owned Far East Savings Bank Inc. (FEB) to an JTKC Equities Inc., Surewell Equities, Inc. and Star Equities Inc.
In a disclosure to the Philippine Stock Exchange (PSE), BPI said it has sold 100 percent of its equity holdings in FEB Savings.
"The said BSP approval was the last act needed to complete the transaction," the Ayala-led bank’s letter stated.
The new owners will rename the FEB Savings into Sterling Bank of Asia Inc.
[DatePublished] => 2007-01-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1480108
[AuthorName] => Ma. Elisa Osorio
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 317755
[Title] => Maling hatol
[Summary] => ISA sa tatlong tsekeng inisyu ni Jimmy bilang bayad sa kanyang utang sa Equitable Card Network Inc. (ECN) ay ang Far East Bank and Trust Co. (FEBTC) Check No. 369403 na may petsang May 12, 1993 pabor sa ECN. Inisyu ni Jimmy ang tsekeng ito noong April 7, 1993 bilang tanda ng maganda niyang layunin at bilang pangako sa pagtupad ng kanyang obligasyon hanggang August 1993 habang inaayos pa ang pagkukuwenta ng kanyang utang sa ECN. Ayon kay Jimmy, ang tsekeng ito ay hindi para papalitan kundi isa lamang pagpapahayag ng kanyang katapatan sa pagbabayad ng kanyang obligasyon.
[DatePublished] => 2006-01-21 00:00:00
[ColumnID] => 134393
[Focus] => 0
[AuthorID] => 1804883
[AuthorName] => Jose C. Sison
[SectionName] => PSN Opinyon
[SectionUrl] => opinyon
[URL] =>
)
[2] => Array
(
[ArticleID] => 317381
[Title] => Wrong charge
[Summary] => The first element in the violation of the Bouncing Checks Law is the making and issuance of a check to apply on account or for value. This case of Jimmy is again an example of the lack of this element.
[DatePublished] => 2006-01-19 00:00:00
[ColumnID] => 133340
[Focus] => 0
[AuthorID] => 1804883
[AuthorName] => Jose C. Sison
[SectionName] => Opinion
[SectionUrl] => opinion
[URL] =>
)
[3] => Array
(
[ArticleID] => 313542
[Title] => SEC okays BPI-Prudential Bank merger
[Summary] => The Securities and Exchange Commission (SEC) has approved the merger of the Bank of the Philippine Islands, the country’s oldest and second largest lender, with Prudential Bank.
The merger is in line with BPI’s goal to become a regional financial powerhouse.
BPI will acquire 91.6 percent of the outstanding shares of Prudential Bank through a share swap at an exchange ratio of 14.4939 BPI shares for every Prudential share.
[DatePublished] => 2005-12-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 283861
[Title] => RP banks must consolidate — SCB
[Summary] => A regional economist is strongly recommending that the Philippine banking system and its regulators to further consolidate to keep up with regional and global trends.
"Bank consolidation is not only a regional trend, it is a global trend as well," Mike Moran, Standard Chartered Bank (SCB) chief regional economist said.
Most leading Asian economies have already experienced solid consolidation after the 1997 Asian regional crisis, coupled with most national government’s slavaging of its banking system.
[DatePublished] => 2005-06-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[5] => Array
(
[ArticleID] => 264429
[Title] => Banks liable for encashing forged checks
[Summary] => The Supreme Court has ruled that banks should be held liable for paying forged checks even if done in good faith.
In a 32-page decision penned by Justice Dante Tinga, the SC Second Division upheld a Manila Regional Trial Court ruling ordering the Far East Bank and Trust Co. to pay or credit back close to P1 million to a construction firm’s account.
The amount covered the forged check it encashed 12 years ago. FEBTC was also held liable for interest and for attorney’s fees.
[DatePublished] => 2004-09-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804901
[AuthorName] => Aurea Calica
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 261229
[Title] => Three ladies in his room
[Summary] => Securities and Exchange Commissioner Lilia Bautista is expected to take her terminal leave this coming Monday, when she turns 69.
[DatePublished] => 2004-08-14 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 254398
[Title] => Next BSP chief should be young, energetic — Paeng
[Summary] => In exactly 385 days, a new governor of the Bangko Sentral ng Pilipinas (BSP) will have to be appointed and according to incumbent governor Rafael Buenaventura, his replacement has to be young and energetic.
Speaking before the members of the Financial Executives Institute of the Philippines (FINEX), Buenaventura said the future BSP governor should be physically young enough to withstand the rigors of the job.
"He should be in his early 40s to 50s," Buenaventura said.
[DatePublished] => 2004-06-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 250464
[Title] => Not-so-secret obsession
[Summary] => Sigh. The Philippines not only remains in the list of non-cooperative nations of the Paris-based Financial Action Task Force but also in the United States’ Special 301 watchlist of intellectual property violators.
Being in the first list means banking transactions to and from the Philippines will be subject to, uh, delays because of closer monitoring for possible money laundering.
[DatePublished] => 2004-05-18 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 247669
[Title] => SM Group raising its stake in Chinabank
[Summary] => The group of mall magnate Henry Sy Sr. is open to raising its stake in China Banking Corp., a profitable medium-sized commercial bank.
[DatePublished] => 2004-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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