BSP places Export & Industry Bank under receivership

Posted at 04/27/12 10:22 AM
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Export & Industry Bank has declared a bank holiday, and the Bangko Sentral ng Pilipinas (BSP) has placed it under receivership. BSP deputy governor Nestor Espenilla Jr. discusses why Export & Industry Bank was placed under receivership and what happens to its depositors now. Mornings@ANC, April 27, 2012