Banking regulator OCIF left out of Doral/Treasury accord
June 18, 2014
The Office of the Commissioner of Financial Institutions, Puerto Rico’s banking watchdog, was left out of the talks leading to the agreement through which the Treasury Department approved a $229 million tax refund to Doral ...
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A.M. Best upgrades Universal Life Insurance Co. ratings
June 18, 2014
A.M. Best announced Tuesday it has upgraded Hato-Rey based Universal Life Insurance Company’s financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb+.”
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Doral sues Puerto Rico gov’t over denied $230M refund
June 6, 2014
Doral Financial Corp. filed a lawsuit at the San Juan Superior Court and a Writ for Certification in the Puerto Rico Supreme Court, alleging that the government illegally nullified its agreement to refund the bank ...
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