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BSP sanctions Metrobank for 1.75-bn peso fraud

BSP sanctions Metrobank for 1.75-bn peso fraud

November 29, 2017

DOZENS OF officials of Metropolitan Bank and Trust Co in the Philippines will be suspended on orders of the Bangko Sentral ng Pilipinas (BSP), which unveiled on Tuesday sanctions against the country’s second-largest lender after a 1.75-billion peso internal fraud case was uncovered last July.

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