All posts tagged "Banking/Finance"

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  Mossack Fonseca Strolled Through Puerto Rico Looking for Clients

  With regard to Puerto Rico, MF has served a number of Puerto Rican clients directly

  • Posted April 14, 2016
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  Debt-Moratorium Clouds Brewing

  Concerns remain about GDB amid steep debt service

  • Posted March 17, 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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  Santander Securities Puerto Rico Confirms Layoff of 22 Employees

  Banco Santander Puerto Rico Not Affected; Bank Reaffirms Commitment to Clients, Island

  • Posted March 3, 2016
• José R. Fernández: Complicated, Challenging Times for Puerto Rico’s Economy

  SAN JUAN- Oriental’s Top Exec Insists Local Banks Have Strong Capital to Weather Storm For José Rafael Fernández, president, CEO & vice chairman of OFG Bancorp—the bank holding company of Oriental—the uncertainty over the resolution of Puerto...

  • Posted February 21, 2016
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• Scalia’s Death Affects U.S. Supreme Court Decisions on Puerto Rico

  The death of U.S. Supreme Court Justice Antonin Scalia affects the cases now before the top court, including two very important cases involving Puerto Rico, one on double jeopardy and the other on the validity of the...

  • Posted February 19, 2016
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• Hedge Funds: GDB Insolvency to Affect Co-op Health

  While practically all the attention has been paid to Puerto Rico’s debt-restructuring process, a group of lawyers and economists has complained that the commonwealth government has failed to deal with a looming crisis in the Government Development...

  • Posted February 19, 2016
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• Popular to Compete Against Samsung Pay With its Own Android Application

  Mobile Wallets is One of Three Payment Projects Bank Will Launch in 2016 Popular—which in 1983 became a pioneer in banking technology when it launched the first debit card and automated-teller machine (ATM) network in Puerto Rico...

  • Posted February 16, 2016
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• Puerto Rico’s Auto Loans Portfolio Fell 2.6% to $6.5B Through Last September

  While Puerto Rico’s new-vehicle market fell 7.8% to 81,353 new units sold last year, the island’s auto loans portfolio dipped only 2.6% to $6.5 billion through September, the latest figures available, thanks to the financing of used...

  • Posted February 16, 2016
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• Prepa: We Need Puerto Rico Bankruptcy Law Because RSA ‘Fragile’ and ‘Uncertain’

  Nonprofits say Inability to Restructure Debt Will Hurt Essential Services The Puerto Rico Electric Power Authority (Prepa) has urged the U.S. Supreme Court to validate a local bankruptcy law because the current restructuring support agreement (RSA) with...

  • Posted February 12, 2016
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