All posts tagged "Banking"

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  Hedge Funds on the Prowl for Possible Bank Acquisitions

  Waiting for congressional action to jumpstart P.R.’s economy

  • Posted April 15, 2016
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  Santander to Open New Branch at Plaza Las Américas

  New branch to open right across from previous location after a total investment of $1.3 million

  • Posted April 7, 2016
• Despite Shrinking Mortgage Market, FirstMortgage Strengthens its No. 2 Position

  Grew Mortgage Production 32%, Market Share Jumped from 14% to 20% in 2015

  • Posted March 4, 2016
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  Carrión: Uncertainty Behind Volatility in Puerto Rico Bank Stocks

  B2B Tax to Cost Popular $20M to $25M in 2016 After reporting last week an adjusted net income of $98 million for the fourth quarter (4Q) and a net income of $895 million for full-year 2015, Richard...

  • Posted February 6, 2016
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  Evertec Hearings Place Focus on Electronic Processing Fees

  Business Groups Call for More Oversight A Puerto Rico legislative probe into Evertec, an electronic transaction-processing firm, has centered around allegations that the San Juan-based company represents a monopoly in the island’s transactions, and affects local small...

  • Posted February 5, 2016
• First BanCorp Shines, OFG Bancorp Fizzles in Fourth Quarter

  Executives comment on impact of island’s fiscal and debt woes As the island’s No. 2 and No. 3 financial institutions by assets reported on their fourth-quarter (4Q) and full-year 2015 results, First BanCorp and OFG Bancorp, respectively,...

  • Posted February 5, 2016
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  Financial Awareness Video Contest Winners Recognized

  Initiative Has Become Popular Among Puerto Rico’s College Students The Puerto Rico Bankers Association (PRBA) and Federal Reserve Bank of New York (FRB-N.Y.) have announced this year’s winners of the Financial Awareness Video Contest, now in its...

  • Posted February 1, 2016
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  The Dangers of an Evertec Monopoly

  Analyzing Puerto Rico’s ATM Network In the late afternoon of Jan. 9, during the tail-end of the holiday shopping season and the beginning of back-to-school sales for the new semester, most of Puerto Rico’s debit system stopped...

  • Posted January 28, 2016
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  Evertec Inquiry Poses Important Questions

  ‘Twas three days after Reyes and all through the ATH network, not a creature was stirring, not even a mouse. In fact, it was the late afternoon of Jan. 9—from around 5 p.m. to 7 p.m.—when Puerto Rico’s debit system came to...

  • Posted January 28, 2016
• Collapse of Prepa Restructuring Agreement a Negative for Puerto Rico Banks

  KBW: Creditors Could Request a Receiver if Prepa Defaults With the Restructuring Support Agreement (RSA) between the Puerto Rico Electric Power Authority (Prepa) and several groups of creditors (including Puerto Rico banks, the monoline bond insurers and the Ad...

  • Posted January 26, 2016
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