I received a text message that bank run daw ang Metrobank?
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Darker and Bigger
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September 22nd, 2008 03:15 PM #2paninira lang yan
kayang kaya i-handle ng Metrobank mga withdrawals.
And even if sobra laki ang withdrawals, the Bangko Sentral will come to the aid of Metrobank.
Metrobank is fine.
It just has exposure to Lehman... P2.4B lang naman... no big deal.Last edited by uls; September 22nd, 2008 at 03:26 PM.
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September 22nd, 2008 04:31 PM #5Shadow,
The text message is not true.
I should know first hand, than text messages or any news.
I hope you get what I mean.
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Wheelin and Dealin'
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September 22nd, 2008 04:50 PM #6Actually it was somewhat true pero controlled na. Its actually Metrobanks fault, inannounce kasi nila sa PSE that "WE are filing for receivership...." so nagkaroon ng panic kala nila Metrobank is filing for bakruptcy. What they meant is since Metrobank is Lehman Brother's CREDITOR they are going to file for Lehman's receivership in the Philippines para naman baka meron silang marecover. So a simple wrong use of English created a panic. Comedy talaga. Pero bottomline is ITS NOT TRUE.
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September 22nd, 2008 09:43 PM #9waaahhh... nagpa-panic kanina sa office dahil dito. My boss after hearing it from a friend immediately when to MB to withdraw from his account. My other boss did that as well. Me, being worried, told my dad about it. Grandpa's shop's bank account is in MB, so we all became worried. Dunno if they did pull out the account from MB as my dad instructed to do it kanina.
Nakakapraning...
But could it be, have the slightest possibility to happen?
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September 22nd, 2008 10:40 PM #10I guess you need to read some business papers and be updated
Originally Posted by shadow
you are George Ty if not Alfred Ty...?
It's Arthur Ty who now manage MB
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September 30th, 2008 03:06 PM #11That's what Metrobank say is the extent of their exposure. Originally Posted by uls
But who knows? The Bangko Sentral? If they know, they won't tell for fear of a bank run.
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September 30th, 2008 03:35 PM #12Ya they definitely won't tell the public if there really is more damage...
but here's the thing... i'm sure the BSP will not allow Metrobank to fail.
Metrobank is our version of Citibank or JP Morgan...
It's too big to fail.
hehe
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Wheelin and Dealin'
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September 30th, 2008 03:52 PM #13So yep folks you now know the secret to business BECOME TO BIG TO FAIL. And once you are too big take all the risks you can take if you win you keep it if you lose you will get bailed out
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September 30th, 2008 04:08 PM #14hahaha
tama
you have to be so big and so interconnected with everyone, that if you fail, you drag the whole freakin world down with you.
that makes you too big to fail.
that entitles you to a bailout everytime you screw up.
hehehe
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Originally Posted by Mile2
