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What is EastWest Bank Not for Sale: Official Statement about?

FDC denies rumors that its subsidiary EastWest Bank is for sale. FDC CEO Josephine Gotianun-Yap says they are not in discussions to sell EastWest Bank to another bank and it remains an important pillar of FDC. EastWest Bank CEO Antonio Moncupa Jr. says the bank is poised for another record year of profits and is well positioned as an independent company. FDC sees no business sense in selling their highly profitable subsidiary.

Author

Sly T.

Language

EN