All posts in Banking

Puerto Rico’s vibrant and internationally recognized banking systems continuously strive for stability and growth.

CEO: FirstBank making strides despite economic woes
December 9, 2016, No Comments

Puerto Rico’s second-largest bank, FirstBank, wrapped up 2016 with significant growth both locally and across its mark ...

Lawyers: UBS hit with $18M FINRA arbitration verdict
December 6, 2016, 2 Comments

UBS Financial Services Inc. and UBS Financial Services Inc. of Puerto Rico were slammed with an $18 million arbitration ...

Bankers Assoc., FDIC offer annual compliance seminar
December 5, 2016, No Comments

The Puerto Rico Bankers Association of Puerto Rico, jointly with the Federal Deposit Insurance Corporation, recently hos ...

FINRA fines Merrill Lynch $7M; $780K goes to PR clients
December 1, 2016, 2 Comments

The Financial Industry Regulatory Authority (FINRA) announced Wednesday it has fined Merrill Lynch, Pierce, Fenner & Smi ...

Oriental boosts presence among young people, women
November 3, 2016, No Comments

Oriental Bank has implemented a number of strategies to expand its customer base and increase its market share of young ...

First BanCorp. reports $24.1M in 3Q16 net income
October 26, 2016, No Comments

First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Tuesday net income of $24.1 million for the ...

Popular Inc. reports $46.8M in net income for 3Q16
October 26, 2016, No Comments

Popular Inc. released earnings for the third quarter on Tuesday, reporting net income of $46.8 million for the three-mon ...

Oriental CEO ‘pleased’ PROMESA Board is active
October 24, 2016, No Comments

Oriental Bancorp reported $11.7 million in net income for the third quarter of 2016 ended Sept. 30.

FirstBank adds ATMs, redesigning mobile services
October 6, 2016, No Comments

In the wake of a 17.5 percent growth in ATM transactions during 2015, FirstBank announced Wednesday the expansion of its ...

Popular takes $55M hit after losing appeal in FDIC fight
October 5, 2016, No Comments

Banco Popular de Puerto Rico announced Tuesday that it lost an appeal before a review board deciding over a dispute with ...