Banking

• Scotiabank to Acquire Citigroup Operations in Panama, Costa Rica

  SAN JUAN – Scotiabank announced Monday that it has acquired Citigroup’s consumer and commercial...

  • Posted February 1, 2016
• OFG Bancorp Posts 4Q Loss of $977,000

  SAN JUAN –  Oriental Bank’s holding company, OFG Bancorp, reported Monday a fourth-quarter loss...

  • Posted February 1, 2016
• China Company Accused of Fleecing Investors of $7.6 Billion

  BEIJING – Police arrested the maverick founder of China’s largest online finance business on...

  • Posted February 1, 2016
• Banks Reach $154.3 Million Settlement on “Dark Pool” Fraud

  WASHINGTON – Two major global banks, Barclays and Credit Suisse, are paying a combined...

  • Posted January 31, 2016
• Paying the Bank Interest to Hold Your Deposits? What Gives?

  WASHINGTON – The idea sounds preposterous: Pay the bank to hold your money? But...

  • Posted January 30, 2016
• AP Spin Meter: Sanders says he’ll Quickly Break Up big Banks

  WASHINGTON – Battling across Iowa ahead of the first-in-the-country vote on Monday, Hillary Clinton...

  • Posted January 30, 2016
• Bankers Association Calls for Quick Passage of Prepa Revitalization Bill

  SAN JUAN – The Puerto Rico Bankers Association has called on the the island’s...

  • Posted January 29, 2016
• First BanCorp Posts Net Income of $15M in 4Q, $21.3M for 2015

  SAN JUAN – First BanCorp, the bank holding company for FirstBank Puerto Rico, on...

  • Posted January 29, 2016
• Visa Beats Street 1Q Forecasts, but Dollar Remains a Drag

  NEW YORK – Visa said Thursday that its fiscal first-quarter results rose 24 percent...

  • Posted January 28, 2016
• 6 Brokers Cleared of Market Rate-Rigging in UK

  LONDON – A British court on Thursday cleared six brokers of trying to fix...

  • Posted January 28, 2016