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The $36.5 billion-asset parent of Banco Popular de Puerto Rico said Friday it would sell nonperforming commercial and construction loans for $347 million to a group of investors that includes Perella Weinberg Partners.
March 1 -
Evertec (EVTC), a payments business Popular started 25 years ago, filed a secondary offering with the Securities and Exchange Commission on Monday to sell 20 million shares, including 9 million shares currently held by the $37 billion-asset Popular.
September 10 -
Richard Carrión's loss is Popular's gain. He would have stepped down as CEO of the Puerto Rico bank had he won the presidency of the International Olympic Committee, but he lost to Germany's Thomas Bach.
September 10
The chief executive of Banco Popular (BPOP) has resigned from his roles on the International Olympic Committee.
Richard Carri-n held several posts at the IOC, including chairman of its finance committee and lead negotiator of its television deals.
Bach, chairman of German wood manufacturer Michael Weinig and a former Olympic fencer, succeeded Jacques Rogge, becoming just IOCs ninth president.
The news of Carri-ns resignation was
Carri-n, 60, was credited with improving the IOCs health as head of the finance commission, a role he has held since 2002. He was also the lead negotiator for IOCs lucrative contracts for U.S. television rights; he will retain that role through the upcoming winter games in Sochi, Russia. He will also step down from his roles on the marketing and audit commissions and his role coordinating the 2016 summer games in Rio de Janeiro, Brazil. He will reportedly keep his IOC membership, which he has held since 1990.
Carri-n resigned to give Bach latitude to choose his own staff. Carri-n made it clear he was happy to help with any transition and that he would continue with TV negotiations in the meantime," an IOC spokesman told the Associated Press.
In addition to leading the $36.5 billion-asset Banco Popular, Carri-n is on the board of the Federal Reserve Bank of New York.
