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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 161549 [Title] => Protect the small depositors [Summary] => Many of us may be oblivious to this phenomenon of small rural banks going belly up leaving their depositors with absolutely nothing, not even the paltry PDIC coverage. According to Tarlac Rep. Jesli Lapus, most of these banks have lost their PDIC coverage even before they shutter their doors.
The PDIC routinely cuts off deposit insurance coverage once a bank fails to pay the premium, which is like getting the umbrella back at the first drop of rain. That should be the first sign of trouble but small depositors don't hear of that until it is too late.
[DatePublished] => 2002-05-20 00:00:00 [ColumnID] => 133182 [Focus] => 0 [AuthorID] => 1804837 [AuthorName] => Boo Chanco [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
CONGRESSMAN LOPEZ
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 161549 [Title] => Protect the small depositors [Summary] => Many of us may be oblivious to this phenomenon of small rural banks going belly up leaving their depositors with absolutely nothing, not even the paltry PDIC coverage. According to Tarlac Rep. Jesli Lapus, most of these banks have lost their PDIC coverage even before they shutter their doors.
The PDIC routinely cuts off deposit insurance coverage once a bank fails to pay the premium, which is like getting the umbrella back at the first drop of rain. That should be the first sign of trouble but small depositors don't hear of that until it is too late.
[DatePublished] => 2002-05-20 00:00:00 [ColumnID] => 133182 [Focus] => 0 [AuthorID] => 1804837 [AuthorName] => Boo Chanco [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Boo Chanco | May 20, 2002 - 12:00am
Recommended
The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
3 days ago
Lotto Sep 21, 2024
EZ2/LVM - 20 17
SUERTRES - 9 2 4
6D Lotto - 6 5 4 8 7 3
6/42 - 20 10 14 23 3 38
P5,940,000.00
Grand Lotto - 6 20 5 28 29 10
P29,700,000.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66