Banco Popular de Puerto Rico
Banco Popular de Puerto Rico is a full-service financial services provider with operations in Puerto Rico, the United States and Virgin Islands. Popular, Inc. is the largest banking institution by both assets and deposits in Puerto Rico, and in the United States Popular, Inc.
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The agency creates “regulatory sandbox” to help develop products, including crypto-based ones; FSOC agrees bank’s failure wouldn’t wreck the financial system.
July 19 -
Kathy Kraninger emerges “unscathed” in testy Senate confirmation hearing; the bank is reportedly refunding money it charged customers for add-on services.
July 20 -
Purchase of data firm and cancellation of a stock buyback rile shareholders; smaller banks are concerned tariffs could hurt business lending.
July 23 -
The bank entangled in probe of Michael Cohen; Mayopoulos to leave at yearend, CFO Benson to become president.
July 24 -
The digital currency’s price has rebounded to over $8,000 as a new ETF is in the works; three deals may indicate a resurgence of small bank M&A.
July 25 -
Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase.
July 26 -
The former SoFi CEO raises funds for his new venture despite recent admissions about dating employees; female employee says Mel Watt harassed her.
July 30 -
Treasury, OCC want to make it easier to compete with banks; the two banks will sell notes and other products through a broker network.
August 1 -
The $2.1 billion settlement is likely to be the last of the big toxic mortgage cases from the financial crisis; the move pressures rivals to lower prices.
August 2 -
The charge calls into question the speed of the turnaround under CEO Brian Duperreault; the payout will be the Scottish bank’s first since the financial crisis.
August 3
STOCK SNAPSHOT
