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BANK OF PHILIPPINE ISLANDS v. CA

This case has been cited 5 times or more.

	GR No. 158143 2011-09-21	PHILIPPINE COMMERCIAL INTERNATIONAL BANK v. ANTONIO B. BALMACEDA BRION, J.
The General Banking Law of 2000[31] requires of banks the highest standards of integrity and performance. The banking business is impressed with public interest. Of paramount importance is the trust and confidence of the public in general in the banking industry. Consequently, the diligence required of banks is more than that of a Roman pater familias or a good father of a family.[32] The highest degree of diligence is expected.[33]
	GR No. 177526 2008-07-04	PHILIPPINE SAVINGS BANK v. CHOWKING FOOD CORPORATION REYES, R.T., J.
It cannot be over emphasized that the banking business is impressed with public interest. Of paramount importance is the trust and confidence of the public in general in the banking industry. Consequently, the diligence required of banks is more than that of a Roman pater familias or a good father of a family.[33] The highest degree of diligence is expected.[34]
	GR NO. 158707 2006-11-27	COMMUNITY RURAL BANK OF SAN ISIDRO v. YSAGANI V. PAEZ AUSTRIA-MARTINEZ, J.
Thus, even if respondent had no actual and direct participation in the alleged fraud, being a managerial employee, his duty was to supervise the members of his staff in the actual performance of their duties. Evidently, his failure to do so coupled with his failure to review the daily proof sheets and detect the irregularity and timely inform management about the incident, amounted to gross negligence and incompetence which are justifiable grounds for petitioner's loss of trust and confidence in him. Petitioner's actuations then, as described in the Memorandum of External Auditor Vergel de Dios,[53] were more than sufficient to sow in his employer the seed of mistrust and loss of confidence. His management style left much to be desired, especially in the banking business where the highest degree of diligence[54] is expected,[55] and high standards of integrity and performance are even required, of it.[56]
	GR NO. 146918 2006-05-02	CITIBANK v. SPS. LUIS AND CARMELITA CABAMONGAN AND THEIR SONS LUIS CABAMONGAN AUSTRIA-MARTINEZ, J.
The Court has repeatedly emphasized that, since the banking business is impressed with public interest, of paramount importance thereto is the trust and confidence of the public in general. Consequently, the highest degree of diligence[40] is expected,[41] and high standards of integrity and performance are even required, of it.[42] By the nature of its functions, a bank is "under obligation to treat the accounts of its depositors with meticulous care,[43] always having in mind the fiduciary nature of their relationship."[44]