Nearly five years after falling under the Federal Deposit Insurance Corp.’s watch, First BanCorp, parent company of FirstBank Puerto Rico, announced Thursday the regulator has terminated the Consent Order under which it had been operating since June 2, 2010.
The heads of the island’s two largest banks took turns in recent days expressing their concerns about the current fiscal scenario and whether political leaders are willing to make the right decisions to put Puerto Rico’s economy back on track.
Medicare Advantage provider Constellation Health is looking to expand its services to Puerto Rico’s 78 municipalities starting January 2016, anticipating that the move will create more jobs and usher in the acceptance of more members who will benefit from the advantages of that health plan.
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