Shuttered AMA Bank to finally pay depositors

MANILA, Philippines – After years of waiting, depositors of the shuttered AMA Rural Bank of Mandaluyong Inc. may finally recover their funds, after the lender reached a “compromise” agreement with banking regulators that ends a long-running dispute over the legality of its 2019 closure. In a statement on Monday, the Bangko Sentral ng Pilipinas (BSP)