Philippines - US Fed requirement stalls PNB-Allied merger.

Started by MikeLigalig.com, February 27, 2013, 08:36:12 AM

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MikeLigalig.com

February 27, 2013, 08:36:12 AM
US Fed requirement stalls PNB-Allied merger.

Byline: Michelle V. Remo THE MERGER OF PHILIPPINE NATIONAL Bank and Allied Bank, which is supposed to create the countrys fourth largest bank, will not happen anytime soon, with officials saying the plan may likely push through only when the global economic crisis is over. The problem is that the ... (Publication: Philippine Daily Inquirer)

Source: US Fed requirement stalls PNB-Allied merger.
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