First BanCorp amends agreement with investors, could raise up to $562.3M in new capital
July 19, 2011
FirstBank Puerto Rico’s parent company, First BanCorp, announced Monday it has amended the agreements struck with private equity firms Thomas H. Lee Partners, L.P., Oaktree Capital Management, L.P., and other investors to increase the amount ...
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2 major Spanish banks doing business in P.R. ace European ‘stress test’
July 19, 2011
Two major Spanish banks with long-standing presence in Puerto Rico passed the European Banking Authority’s 2011 stress test of institutions in 21 countries, to assess their resilience against the current economic scenario.
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Ritz-Carlton officially presents its Dorado Beach Reserve property
July 18, 2011
A day ahead of the first scheduled walk-through of the property, the Ritz-Carlton Hotel Company, L.L.C. announced Monday the official launch of the Dorado Beach, a Ritz-Carlton Reserve, the first of its kind in the ...
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