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SC affirms COA vs PDIC aid to 2 banks | Joel R San Juan

THE Supreme Court (SC) has affirmed the findings of the Commission on Audit (COA) that denied the condonation and write-off portions of the financial assistance given by the state insurer to Westmont Bank and Keppel Monte Savings Bank (KMSB) amounting to P1.65 billion and P325 million, respectively.   In an 18-page…

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