11.   Banking stocks have been hit by concern that their loans to the property buyers or developers may turn sour once the property glut hits.

12.   Banking stocks rose as lower interest rates can bolster demand for loans.

13.   Banking stocks also declined.

14.   Banking stocks mostly fell.

15.   Concern that real-estate loans might sour amid an anticipated property glut has battered banking stocks in recent weeks.

16.   Other banking stocks also soared amid speculation consolidation in the industry will continue.

17.   Other banking stocks also surged after news of the merger yesterday.

18.   PHILIPPINE stocks were mixed as investors transferred funds out of some property stocks and pushed up shares of recently battered banking stocks.

19.   Santa Ana said some banking stocks may be affected by fears that they extended loans to cash-strapped companies other than sugar miller Victorias Milling Co.

20.   So the red flag is raised on ADRs such as Grupo Financiero Serfin, a banking stock.