legacy group

Legacy rural banks on bank holiday?

Update: Two days after this article was posted, there are now official reports about Legacy banks closing and declaring a bank holiday. Read more here: Update on Legacy rural banks and in the Legacy Banks discussion thread. After months of speculation in the PMT Forum, several banks under the Legacy Financial Group reportedly declared a …

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Supreme Court issues TRO vs. Legacy banks

It is reported that the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) successfully secured with the Supreme Court last week a Temporary Restraining Order (TRO) on enforcement of lower court rulings that favored several banks under the Legacy Group. According to the story: The high tribunal’s decision effectively gives banking regulators the green …

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