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
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
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