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                    [ArticleID] => 151187
                    [Title] => Solon cautions SSS on investments
                    [Summary] => The Social Security System (SSS) has so far lost some P6.1 billion as an offshoot of its P8.5-billion worth of equity investments in Equitable PCI Bank Corp., Belle Corp. and failed Urban Banking Corp.


Senate Majority Leader Loren Legarda made this revelation as she urged the SSS to be more prudent in future investment decisions in order to avoid more financial losses.


Legarda cautioned the SSS against repeating blunders committed in the previous administration, when it got involved in "politically-induced" investments that left it holding the empty bag.


                    [DatePublished] => 2002-02-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 99136
                    [Title] => Cayetano pushes for immediate payment of deposit insurance
                    [Summary] => 

Sen. Renato Cayetano has urged his colleagues in Congress to amend the charter
of the state-run Philippine Deposit Insurance Corp.
                    [DatePublished] => 2000-05-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 100576
                    [Title] => Urban Bank to turn into a holding firm
                    [Summary] => 

Urban Banking Corp. will convert its operations into a holding company together
with its three major investment companies as part of its effort to be
competitive in the financial services market, Bangko Sentral ng Pilipinas (BSP)
Gov. Rafael B.
                    [DatePublished] => 2000-04-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101460
                    [Title] => Urban Bank finalizes deal with comm'l bank
                    [Summary] => 

Urban Banking Corp. is finalizing merger talks with a commercial bank after
failing to seal an agreement with Pan Asia Banking Corp., Urban Bank president
Arsenio Bartolome III said yesterday.

In an interview with The STAR, Bartolome said they are also looking at
the possibility of buying a thrift bank.

"We will announce it (the merger with a commercial bank) next week," Bartolome
said.

Bartolome declined to identify the bank they are going to consolidate with
pending finalization of their agreement.

"It is only the price that we are firming up.
                    [DatePublished] => 2000-01-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

URBAN BANKING CORP

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            [0] => Array
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                    [ArticleID] => 151187
                    [Title] => Solon cautions SSS on investments
                    [Summary] => The Social Security System (SSS) has so far lost some P6.1 billion as an offshoot of its P8.5-billion worth of equity investments in Equitable PCI Bank Corp., Belle Corp. and failed Urban Banking Corp.


Senate Majority Leader Loren Legarda made this revelation as she urged the SSS to be more prudent in future investment decisions in order to avoid more financial losses.


Legarda cautioned the SSS against repeating blunders committed in the previous administration, when it got involved in "politically-induced" investments that left it holding the empty bag.


                    [DatePublished] => 2002-02-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 99136
                    [Title] => Cayetano pushes for immediate payment of deposit insurance
                    [Summary] => 

Sen. Renato Cayetano has urged his colleagues in Congress to amend the charter
of the state-run Philippine Deposit Insurance Corp.
                    [DatePublished] => 2000-05-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 100576
                    [Title] => Urban Bank to turn into a holding firm
                    [Summary] => 

Urban Banking Corp. will convert its operations into a holding company together
with its three major investment companies as part of its effort to be
competitive in the financial services market, Bangko Sentral ng Pilipinas (BSP)
Gov. Rafael B.
                    [DatePublished] => 2000-04-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101460
                    [Title] => Urban Bank finalizes deal with comm'l bank
                    [Summary] => 

Urban Banking Corp. is finalizing merger talks with a commercial bank after
failing to seal an agreement with Pan Asia Banking Corp., Urban Bank president
Arsenio Bartolome III said yesterday.

In an interview with The STAR, Bartolome said they are also looking at
the possibility of buying a thrift bank.

"We will announce it (the merger with a commercial bank) next week," Bartolome
said.

Bartolome declined to identify the bank they are going to consolidate with
pending finalization of their agreement.

"It is only the price that we are firming up.
                    [DatePublished] => 2000-01-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Solon cautions SSS on investments

February 19, 2002 - 12:00am

The Social Security System (SSS) has so far lost some P6.1 billion as an offshoot of its P8.5-billion worth of equity investments in Equitable PCI Bank Corp., Belle Corp. and failed Urban Banking Corp. Senate Majority...

Banking

Cayetano pushes for immediate payment of deposit insurance

May 21, 2000 - 12:00am

Sen. Renato Cayetano has urged his colleagues in Congress to amend the charter of the state-run Philippine Deposit Insurance Corp.

Business

Urban Bank to turn into a holding firm

By Donnabelle L. Gatdula | April 20, 2000 - 12:00am

Urban Banking Corp. will convert its operations into a holding company together with its three major investment companies as part of its effort to be competitive in the financial services market, Bangko Sentral...

Business

Urban Bank finalizes deal with comm'l bank

By Donnabelle L. Gatdula | January 27, 2000 - 12:00am

Urban Banking Corp. is finalizing merger talks with a commercial bank after failing to seal an agreement with Pan Asia Banking Corp., Urban Bank president Arsenio Bartolome III said yesterday. In an interview...

Business