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Business Matters
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The Philippines Bank Collapses
It's like pneumonia in the philippines a small wave becomes a tidal wave here. No bank regardless of how sound can withstand or run that drains it of 40 percent of its deposit base but can i? John rosonelli, former senior managing director he left last year at first republic bank is worried about whether more banks will collapse. If you don't put your ducks in a row know that there are a lot of other people who will be affected.
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