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+ Follow CITYSTATE SAVINGS BANK AND INTERNATIONAL EXPORT BANK Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 181137 [Title] => SEC uncovers 4 more Glasgow accounts [Summary] => Heres good news for investors of Glasgow Credit and Collection Services Inc.
The Securities and Exchange Commission has uncovered four more accounts of Glasgow in several banks, making these funds available for distribution to over 9,000 investors.
An SEC official said investors may now get 79 percent of their principal investments back, slightly higher than the earlier announced figure of 67 to 68 percent.
[DatePublished] => 2002-10-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 176699 [Title] => Glasgow investors wont get all their money back [Summary] => Investors of Glasgow Credit and Collection Services Inc. may get only 67 percent of their principal investments back as the funds in the frozen bank accounts of the company are not enough to pay back all the claims of 9,121 investors.
"We estimate that only 67 to 68 percent of the total investments made by Glasgow investors will be returned," an SEC official said.
The SEC official said investors who have submitted the required documents for the settlement of their claims, will be directed to go to the banks where Glasgow has savings accounts.
[DatePublished] => 2002-09-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
CITYSTATE SAVINGS BANK AND INTERNATIONAL EXPORT BANK
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 181137 [Title] => SEC uncovers 4 more Glasgow accounts [Summary] => Heres good news for investors of Glasgow Credit and Collection Services Inc.
The Securities and Exchange Commission has uncovered four more accounts of Glasgow in several banks, making these funds available for distribution to over 9,000 investors.
An SEC official said investors may now get 79 percent of their principal investments back, slightly higher than the earlier announced figure of 67 to 68 percent.
[DatePublished] => 2002-10-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 176699 [Title] => Glasgow investors wont get all their money back [Summary] => Investors of Glasgow Credit and Collection Services Inc. may get only 67 percent of their principal investments back as the funds in the frozen bank accounts of the company are not enough to pay back all the claims of 9,121 investors.
"We estimate that only 67 to 68 percent of the total investments made by Glasgow investors will be returned," an SEC official said.
The SEC official said investors who have submitted the required documents for the settlement of their claims, will be directed to go to the banks where Glasgow has savings accounts.
[DatePublished] => 2002-09-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Zinnia B. Dela Peña | October 24, 2002 - 12:00am
By Zinnia B. Dela Peña | September 20, 2002 - 12:00am
Recommended
A businessman, tagged as a suspect in the shooting of three people in Calapan City, including the assistant Land Transportation Office district chief, surrendered to the National Bureau of Investigation in Oriental Mindoro yesterday.
11 hours ago
Sen. Sherwin Gatchalian yesterday belied reports that he was involved in the illegal entry of a Cadillac Escalade at the Edsa bus lane on Sunday night.
1 day ago
A heated argument over a routine Land Transport Office checkpoint inspection led to the shooting of the LTO assistant district chief in Calapan, Oriental Mindoro and two businessmen, one of whom succumbed to a gunshot wound.
1 day ago
Describing himself as a law-abiding public servant, Sen. Sherwin Gatchalian broke his silence yesterday about the involvement of his family in the Cadillac vehicle with a Senate protocol plate that illegally entered the EDSA busway.
2 days ago
The luxury vehicle bearing the Senate protocol plate “7” that was flagged down along the EDSA bus lane is a vehicle registered with the Gatchalians, according to the Land Transportation Office.
3 days ago
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