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.
-
Restaurants, medical offices and car dealerships were the top recipients of large loans; increased usage of the drive-ups is putting a strain on the low-tech lanes.
July 7 -
The German bank agreed to pay $150 million to New York State for its dealings with Jeffrey Epstein; the new tool will help lenders determine which borrowers are in the best shape to weather a crisis.
July 8 -
But Boston Fed chief sees more interest among banks and borrowers if the economy worsens; the failed payments company is being investigated for its alleged role in a $100 million caper.
July 9 -
The bank is expected to report a small net profit for the second quarter next week; shareholders are challenging the government's 2012 decision to appropriate nearly all of the agencies' profits.
July 10 -
Wells is expected to report a loss while other banks report sharp declines in profits; Fed officials wanted easier terms, while Treasury officials preferred a more conservative approach.
July 13 -
Mortgage lenders say now is not the time to water down a regulation aimed at combating discrimination in housing; New York Times discloses the names of Jeffrey Epstein’s bankers.
July 14 -
JPM Chase, Citi and Wells put aside an additional $28 billion in Q2 for future loan losses; Fed governor Brainard warns of future risks, but St. Louis Fed chief says the worst may be over.
July 15 -
Goldman's revenue rose and its capital ratios improved in the second quarter; BNY Mellon’s stock dropped more than 5% after it said tighter lending margins may last for a while.
July 16 -
Rates could be even lower, but lenders wouldn’t be able to handle the volume; if loan defaults prove less bad than expected, today’s provisions could boost banks’ future net income.
July 17 -
Trading revenues probably won’t be able to make up for looming credit losses going forward; consumer insolvencies have been held back so far by federal stimulus, which is set to expire.
July 20














