In filing proposed Senate Resolution 570, Hontiveros again raised concerns about the potential risks and benefits that it may bring to the economy, the stability of the financial system, and various stakeholders, including the employees of both banks.
“Large banks were found to have lower capital, less stable funding, more market-based activities, and more organizationally complex than small banks, suggesting a distinct, possibly more fragile, business model,” she said.
Apart from this, she said the employees association and union of the LBP and DBP raised concerns about this plan, claiming that the LBP violated the terms of their Collective Negotiations Agreements by failing to consult with the unions beforehand.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why the rush? Hontiveros seeks Senate probe on DBP-Landbank mergerPuzzled by Malacanang’s supposed rush, opposition Senator Risa Hontiveros asked the Senate to look into the planned merger of the Land Bank of the Philippines with the Development Bank of the Philippines. | MAgerINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
GCG: Legislation not needed for Landbank-DBP mergerThe planned Landbank and Development Bank of the Philippines merger may proceed even without a new law, according to the Governance Commission for Government Owned or Controlled Corporations. | RonWDomingoINQ /PDI RonWDomingoINQ Hmm! So fishy!
Source: inquirerdotnet - 🏆 3. / 86 Read more »
GCG: Landbank-DBP merger can move forward sans legislationThe proposed merger of state-owned lenders Land Bank of the Philippines and the Development Bank of the Philippines (DBP) can proceed without legislation, according to the Governance Commission for Government-Owned and Controlled Corporations (GCG).
Source: gmanews - 🏆 11. / 68 Read more »
GCG green-lights Landbank-DBP mergerThe GCG has informed President Ferdinand Marcos Jr. that the planned merger of Land Bank of the Philippines and Development Bank of the Philippines does not need a new law to be done. | RonWDomingoINQ /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »