Doral Financial (DRL), under pressure to boost capital levels, has threatened to take legal action against Puerto Rico to obtain a $230 million refund from the territory.

Glen Wakeman, the $8.5 billion-asset company's president and chief executive, also requested a meeting with Melba Acosta Febo, Puerto Rico's Treasury Secretary, to discuss the situation. Doral also sent the May 9 letter to the territory's banking regulator and a regional director at the Federal Deposit Insurance Corp.

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