Banesco reports growth in Puerto Rico, loans up 25%, deposits up 20%
March 26, 2025
Banesco USA’s overall financial performance showed a net income of $43 million in 2024. #NewsismyBusiness
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Banks, credit cards launch Apple Pay in Puerto Rico
March 19, 2025
The launch offers consumers a secure and convenient way to make transactions using their Apple devices. #NewsismyBusiness
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Popular Inc. CEO Álvarez to retire June 30; COO Ferrer to succeed him
February 27, 2025
Popular Inc. Chairman Richard Carrión made the announcement. #NewsismyBusiness
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Aon report: Insurance market enters ‘soft’ cycle
February 24, 2025
Increased capacity and flexibility improve conditions for buyers. #NewsismyBusiness
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Popular Inc. reports net income growth in Q4, full year 2024
January 29, 2025
Popular Inc.’s stateside loan division saw increased activity in the South Florida market. #NewsismyBusiness
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First BanCorp reports $298M in net income for 2024, $75.7M for Q4
January 24, 2025
First BanCorp achieved record revenues in 2024, with total net interest income rising to $807.5 million, up from $797.1 million in 2023. #NewsismyBusiness
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OFG Bancorp closes 2024 with record growth, strategic gains
January 23, 2025
As OFG enters 2025, it remains focused on leveraging digital transformation and strategic investments to drive growth. #NewsismyBusiness
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Banesco USA sues Mayagüez animal feed operator over $6.6M default
January 15, 2025
The dispute stems from two loans Banesco extended to FAPPR in August 2017. #NewsismyBusiness
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MMM Holdings pays $15.2M to settle false claims allegations
December 24, 2024
As part of its compliance commitments, MMM must overhaul its marketing and referral practices to align with federal regulations. #NewsismyBusiness
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AM Best downgrades Humana Health of Puerto Rico credit ratings
December 9, 2024
Humana Insurance of Puerto Rico Inc. and Humana Health Plans of Puerto Rico Inc. have struggled with increasing losses, particularly in their Medicare Advantage segment. #NewsismyBusiness
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MAPFRE files lawsuit over Hurricane María insurance dispute
December 6, 2024
The insurer seeks $800,000 in damages. #NewsismyBusiness
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Banesco USA reports $15M in net income in Q3
December 6, 2024
Banesco in Puerto Rico reported loan and deposit growth of 26% and 97% respectively over the last 12 months ended Sept. 30, 2024. #NewsismyBusiness
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The Banker magazine names Popular ‘Bank of the year Puerto Rico’
December 6, 2024
This marks the 12th time Popular has received this recognition. #NewsismyBusiness
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Oriental Bank sues 100+ in RICO lawsuit alleging PPP loan fraud
December 3, 2024
The financial institution claims the defendants orchestrated a fraudulent scheme to obtain PPP funds by submitting falsified applications and misusing the proceeds for personal gain. #NewsismyBusiness
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AON: Global natural disasters yield $102B in insured losses in Q1-Q3
December 3, 2024
Aon projects that economic losses from Hurricane Milton and additional events expected to take place during the rest of the year will push annual insured losses above the 2023 level of $125 billion. #NewsismyBusiness
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