FirstBank Puerto Rico recently won a foreclosure case worth $83.1 million related to an upscale residential development project located at the heart of Coral Gables, the South Florida Business Journal reported.
OCIF Chief Alfredo Padilla offers details on new Institute, as education division director Velia Cardona looks on. Financial Institutions Commissioner Alfredo Padilla announced Monday the creation of the Financial Education Institute, whose main goal is to offer financial education to island residents. The Institute will operate two areas: a Research and Analysis Center, equipped with […]
Nearly a year after Puerto Rico’s banking sector experienced a meltdown of historic proportions with the closing of three financial institutions, Financial Institutions Commissioner Alfredo Padilla said Friday that 2011 should be a “turnaround year” for the industry.