All posts in Financial District

Assured Guaranty pays $42M to insured PR bondholders
January 5, 2017, No Comments

Two bond insurance subsidiaries of Assured Guaranty Ltd., together with its subsidiaries, Assured Guaranty, have made in ...

DCDB Group to offer enhanced services to P.R. banks
December 29, 2016, 1 Comment

DCDB Group, a global financial services consultancy firm, and Elevation, the consulting arm of NACHA–The Electronic Pa ...

Popular will record $115M loss after losing FDIC dispute
December 15, 2016, No Comments

Banco Popular de Puerto Rico lost its appeal before a review board over a dispute with the Federal Deposit Insurance Cor ...

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 ...

Triple-S Management Corp. loses $1.9M in 3Q16
November 4, 2016, No Comments

Puerto Rican managed care company Triple-S Management Corporation announced Thursday consolidated revenues of $744.7 mil ...

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 ...