The Bangko Sentral meanwhile has said that “it is looking into reported unauthorized transactions relayed by some of the country’s lawmakers and reported by media.”
In a statement, EastWest Bank admitted that one of its branch managers “has gone missing together with the deposits of her two customers with whom she had been transacting for years." "EastWest will always stand by its commitment to protect depositors’ and customers’ money. The issue is limited to one branch but nonetheless we shall put in place additional system-wide safeguards to make sure this isolated incident does not happen again," the company added.
The BSP meanwhile said it is probing financial consumer complaints as well as the actions by the involved institutions.
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