Monday, October 18, 2021

All posts tagged "Finance"

  • EU green-lights new bailout loans for debt-stricken Greece

    BRUSSELS – Finance ministers from the nations using the euro single currency gave their green light Monday for new loans to Greece to help bolster its debt-stricken economy. At talks in Luxembourg, the ministers agreed that the...

    • Posted October 10, 2016
  • British Pound Endures One of its Worst Days Ever

    LONDON — As if it wasn’t shaky enough, the British pound endured one of its biggest falls ever on Friday – with some in the markets blaming trading robots or a fat-fingered typo for sending the currency...

    • Posted October 7, 2016
  • Hurtling Toward the Debt Cliff

    On Sunday, March 13, clocks in the U.S. sprung forward by one hour, as part of Daylight Savings Time, bringing Puerto Rico’s time back in line with Wall Street and Washington, D.C. Sadly, that is the extent...

    • Posted March 17, 2016
  • 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
  • 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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