Popular takes $55M hit after losing appeal in FDIC fight
October 5, 2016
Banco Popular de Puerto Rico announced Tuesday that it lost an appeal before a review board deciding over a dispute with the Federal Deposit Insurance Corp., representing a $55 million hit for the bank.
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OFG Bancorp sells PREPA credit line for $124M
September 21, 2016
OFG Bancorp announced Tuesday that its subsidiary Oriental Bank’s outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold, thereby significantly reducing its direct exposure to Puerto ...
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OCIF: Puerto Rico banks could benefit from fiscal board
September 20, 2016
Puerto Rico’s banking sector, which has been weathering the island’s economic storm for the better part of the last decade, could benefit from the arrival of the Fiscal Control Board, and the trust it could ...
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