RCBC Capital Corp. has notified Equitable PCI Bank it wants to rescind its purchase of a PCI’s credit card business. RCBC wants to nullify its share purchase agreement covering the acquisition of 67% of Bankard Inc. from Equitable PCI. The deal in June 2000 involved nearly US$90 million. RCBS is seeking $45 million in damages in a petition filed before the International Chamber of Commerce. RCBC has become the sixth largest “private” local universal bank in terms of total assets in the Philippines.