State Coverage: Puerto Rico
Popular CEO: Revamping Nearly Done at U.S. Unit
American Banker | Jun 10Popular Inc. CEO Richard Carrion said Tuesday that the Puerto Rican banking company is in the last leg of an 18-month overhaul of its lagging operations on the U.S. mainland.
First BanCorp Drops into the Red
American Banker | Feb 07First BanCorp of San Juan, Puerto Rico, reported a $2.7 million loss for the fourth quarter, compared with a $12.2 million profit a year earlier.
Once on Ropes, P.R. Banks Now Seen on Prowl
American Banker | Jan 04Almost three years after they became entangled in an accounting scandal, two Puerto Rican banking companies have dealt with most of their issues and, having attracted ...
San Juan Bank Order Lifted
American Banker | Nov 21First BanCorp of San Juan, Puerto Rico, said Tuesday that its regulators have lifted long-standing cease-and-desist orders after the company took steps to reduce its credit risk and completed a comprehensive review of its mortgage portfolio.
R&G Restates '02-'04 Profits
American Banker | Nov 05R&G Financial Corp. of San Juan, Puerto Rico, issued its long-awaited earnings restatement for 2002 to 2004 Friday.
Popular Adds to Tally of Weak Quarters
American Banker | Oct 19Popular Inc. extended a recent string of weak earnings reports by announcing 3Q results on Friday that fell well short of expectations.
Puerto Rico Bank Files Current First-Half Results
American Banker | Sep 26After accounting restatements forced First BanCorp to play catch-up in its reporting, the San Juan, P.R., company said it became current this week by filing its 1Q and 2Q results.
Popular Buying a Citi Brokerage Line
American Banker | Aug 31Popular Inc. of San Juan, Puerto Rico, said Thursday that it would buy Citigroup Inc.'s retail brokerage business on the island.
Citi Said Seeking 100% Puerto Rico Retail Sale
American Banker | Jun 06Citigroup Inc. is trying to sell its retail banking operations in Puerto Rico, sources said.
In Brief: Doral Delays Filing Its Annual Report
American Banker | Mar 05Doral Financial Corp. of San Juan, Puerto Rico, said that it would be late filing its annual report with regulators.
Fed Filing Puts Doral 4Q Loss at $51M
American Banker | Mar 01The preliminary fourth-quarter report Doral Financial Corp. filed Wednesday with the Federal Reserve Board showed a sharp deterioration in results.
In Brief: Scotiabank Buying Stake in P.R. Bank
American Banker | Feb 20First BanCorp. of San Juan, Puerto Rico, has agreed to sell a 10% stake to Scotiabank of Toronto.
R&G Plunges as Late Results Cost Its Listing
American Banker | Feb 14Shares of R&G Financial Corp. tumbled Tuesday, shedding more than one-quarter of their value, a day after the Puerto Rican company issued an update on its efforts to put to rest nearly two years of accounting problems.
4Q Earnings: Popular Off 54% But Upbeat
American Banker | Jan 18Despite reporting lower fourth-quarter earnings Wednesday, Popular Inc. has taken a more optimistic tone - something it lacked for much of last year.
A Chairman's Parting Shot at Management, Advisers
Ward says pursuing a sale of Doral merits more focus
American Banker | Jan 04A clash over the future of the troubled Doral Financial Corp. has led to the resignation of its nonexecutive chairman, John A. Ward 3rd.
