Philippine National Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2007
Supreme Court ruling on sequestration of Lucio Tan companies
The Philippine Supreme Court affirmed dismissal of the government's sequestration of Lucio Tan companies. The ruling removed a major legal obstacle to the planned PNB-Allied Bank combination.
1921
Early-1920s management and corruption crisis
PNB experienced near-bankruptcy during the 1921 Philippine financial crisis. Its president, Venancio Concepcion, was indicted for corruption following concerns identified in the Wood-Forbes review and broader criticism of the bank's management and colonial institutional structure.