Oriental banks on communities to spur economic growth
September 26, 2014
As part of its 50th anniversary celebration, Oriental Bank unveiled Thursday its new corporate social responsibility platform dubbed “Social Innovation,” which pursues empowering communities to embark on entrepreneurship and economic growth.
chat_bubble0 Comment
visibility3353 Views
Popular Community Bank closes sale of Fla. operations
September 16, 2014
Popular Inc. announced Monday that Popular Community Bank, its U.S. banking subsidiary, completed the previously announced sale of its Central Florida regional operations to Harbor Community Bank, a wholly owned subsidiary of HCBF Holding Company Inc.
chat_bubble0 Comment
visibility3581 Views
Ana Botín to chair Banco Santander after father dies
September 11, 2014
The board of directors of Banco Santander unanimously agreed Wednesday to appoint Ana Botín as its chair, following the sudden death of her father, Emilio Botín, who during his tenure steered the Spanish bank into one of the most relevant financial institutions in the world.
chat_bubble0 Comment
visibility5259 Views
Doral Financial Corp. sells $430M in assets to Barclays
September 10, 2014
Doral Financial Corporation, the financial services holding company of Doral Bank, with operations in Puerto Rico and the U.S. mainland, announced Tuesday the sale of some $430 million in assets to Barclays Inc.
chat_bubble0 Comment
visibility4945 Views
Oriental Bank expands online, mobile capabilities
September 10, 2014
Oriental Bank, a subsidiary of OFG Bancorp, announced Tuesday it is beefing up its Internet and mobile banking services with the launch of “People Pay,” and adding the ability for clients to open accounts online.
chat_bubble0 Comment
visibility3894 Views
Doral, gov’t prolong public war of words over tax dispute
August 27, 2014
Doral Financial Corp. and Puerto Rico government officials were back in the public eye Tuesday, when both parties took to the media to defend their reasons for a collapse in court-ordered negotiations regarding a $229 million tax refund the former is claiming, and the latter rescinded.
chat_bubble0 Comment
visibility3882 Views
Doral, gov’t continue talks on tax refund dispute
August 25, 2014
Despite word that court-ordered talks between the government and Doral Financial Corp. had broken down late Friday, representatives from both parties confirmed negotiations are still on the fate of a $229 million tax refund the bank is claiming from the government.
chat_bubble0 Comment
visibility3347 Views
EDB launches online banking tool for commercial clients
August 22, 2014
The Economic Development Bank unveiled Thursday an online banking tool that allows its commercial clients to apply for loans and follow through on their applications, becoming the first financial institution in Puerto Rico to offer this type of service.
chat_bubble0 Comment
visibility6306 Views
Court orders Doral, Treasury to negotiate tax refund deal
August 12, 2014
The saga between Doral Financial Corp. and the Puerto Rico Treasury Department that began earlier this summer took another turn recently, when a local court ordered the parties to sit down and negotiate an agreement that would grant the bank a $229 million tax refund.
chat_bubble0 Comment
visibility3611 Views
Popular Community Bank closes sale of Illinois branches
August 12, 2014
Popular Inc. announced Monday that Popular Community Bank, its U.S. banking subsidiary, completed the previously announced sale of its Illinois regional operations to First Midwest Bank, the wholly owned subsidiary of First Midwest Bancorp Inc.
chat_bubble0 Comment
visibility3565 Views
Oriental’s check-image deposit transactions exceed $1M
July 17, 2014
Less than a year after launching, Oriental’s check-image deposit service, “FotoDepósito” has generated more than $1 million in transactions from customers using their smartphones to interact with the bank, officials said Wednesday.
chat_bubble0 Comment
visibility5271 Views
Doral sells $824.4M in non-performing assets at discount
July 15, 2014
Doral Financial Corp. announced Monday it had entered into an agreement to sell some $824.4 million in non-performing loans to Abbey Finance Holdings PR, LLC, for a discounted amount of $369 million.
chat_bubble0 Comment
visibility4018 Views
Euromoney magazine names Santander ‘Best Bank’
July 14, 2014
International financial magazine “Euromoney” has named Santander the “Best Bank in Western Europe, Spain, Mexico and Argentina in its 2014 annual awards.
chat_bubble0 Comment
visibility3742 Views
Puerto Rico banks announce July 4th schedules
July 3, 2014
Puerto Rico’s commercial banks will be observing the July 4th Independence Day celebration holiday with special hours Friday, scheduled as follows:
chat_bubble0 Comment
visibility4918 Views
Popular Inc. announces sale of $450M in senior notes
June 27, 2014
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.
chat_bubble0 Comment
visibility3341 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA