BSP places Export & Industry Bank under receivership

Posted at Apr 27 2012 10:22 AM | Updated as of Apr 27 2012 09:54 PM

Export & Industry Bank has declared a bank holiday, and the Bangko Sentral ng Pilipinas (BSP) has placed it under receivership. BSP deputy governor Nestor Espenilla Jr. discusses why Export & Industry Bank was placed under receivership and what happens to its depositors now. [email protected], April 27, 2012