The Federal Home Loan Bank of New York ("FHLBNY") has begun seeking nominations for directors to serve on its Board for terms starting Jan. 1, 2015, the agency announced in a letter sent to its members Friday.
Popular Inc. announced Thursday it has agreed to sell $450 million of its senior notes, due in 2019, to pay off its Troubled Asset Relief Program debt with the U.S. Treasury.
The Puerto Rico Electric Power Authority got a double-whammy from stateside credit ratings agencies, which separately downgraded the agency’s credit a day after Gov. García-Padilla announced a bill paving the way for the restructuring of fiscally troubled public corporations.