Santander Securities Puerto Rico office to close May 25
April 5, 2018
This week, Santander Securities LLC (SSLLC), the investment division of Banco Santander, sent a letter to its clients in Puerto Rico notifying them that, as of May 25, 2018, the Santander Securities branch in San Juan will close to the public.
chat_bubble0 Comment
visibility3469 Views
Critical week for P.R.’s health system as ’19 Medicare funding deadline looms
April 2, 2018
The first week of April will be critical to the future of Puerto Rico’s healthcare system as the Centers for Medicare and Medicaid Services (CMS) will rule over numerous requests for improved treatment in the funding for Medicare Advantage programs on the island, the Medicare Advantage Products Association of Puerto Rico said.
chat_bubble0 Comment
visibility1643 Views
FirstBank focuses on growing deposits, expanding technology
March 15, 2018
In a market where population is steadily declining, the economy has contracted and the fiscal situation has been in a downward spiral, it has become a challenge for financial institutions to keep their deposit levels growing.
chat_bubble0 Comment
visibility1970 Views
ATH Móvil reaches 1M users since launching 4 years ago
February 27, 2018
Evertec and ATH announced that their ATH Móvil service has reached one million users since its inception four years ago.
chat_bubble0 Comment
visibility14112 Views
FHA expands foreclosure relief for victims of ’17 disasters
February 23, 2018
The Federal Housing Administration (FHA) announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by Hurricanes Harvey, Irma and María as well as California wildfires and subsequent flooding and mudslides.
chat_bubble0 Comment
visibility1743 Views
EVERTEC reports 2% revenue drop in 4Q17
February 22, 2018
EVERTEC Inc. announced results for the fourth quarter and full year ended Dec. 31, 2017, reflecting a 2 percent revenue drop, to $99.6 million, during the three-month period, but a 5 percent increase to $407.1 million for the 12-month period.
chat_bubble0 Comment
visibility1251 Views
Sun West Mortgage opens branch in Ciudadela Santurce complex
February 16, 2018
Sun West Mortgage announced the opening of third branch in Puerto Rico, which called for an investment of some $200,000, located at the Ciudadela complex in Santurce.
chat_bubble0 Comment
visibility2824 Views
Popular picks up Reliable Financial Services for $1.7B
February 15, 2018
Banco Popular de Puerto Rico has agreed to acquire Wells Fargo & Company’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc. and Reliable Finance Holding Company, for $1.7 billion, the financial institution announced.
chat_bubble0 Comment
visibility4619 Views
Draco-Risk opens office in PR/USVI to assist insurers with claims
February 9, 2018
Draco-Risk has set up shop in Puerto Rico and the U.S. Virgin Islands to assist customers in the process of receiving just and correct payments from the insurance companies in their claims, after hurricanes Irma and María.
chat_bubble0 Comment
visibility2651 Views
Some 300K customers took moratoriums on Banco Popular credit products
February 2, 2018
An estimated 300,000 Banco Popular customers participated in Banco Popular de Puerto Rico’s loan moratorium program, which included personal, auto, leasing, and mortgage loans, as well as credit cards, bank officials said Thursday.
chat_bubble1 Comment
visibility2616 Views
OFG reports $13.6M in net income in 4Q17
January 31, 2018
OFG Bancorp reported results for the fourth quarter and year ended Dec. 31, 2017, which reflected net income available to shareholders increased to $13.6 million, or $0.30 per share fully diluted, from a net loss of $146,000, or $0.00 per share, in 3Q17. OFG reported net income of $12.1 million, or $0.27 per share fully diluted, in 4Q16.
chat_bubble0 Comment
visibility1317 Views
Eloan relaunches targeting consumers seeking ‘simpler, smarter lending’
January 31, 2018
Two decades after pioneering in the digital banking solutions arena, online financial services platform Eloan is being relaunched to provide a “simpler and smarter” personal loans product at competitive rates, company officials said.
chat_bubble0 Comment
visibility1912 Views
First Bancorp. reports $24.2M in net income for 4Q17
January 30, 2018
First BanCorp. reported net income of $24.2 million for the fourth quarter of 2017, or $0.11 per diluted share, compared to a net loss of $10.8 million, or $0.05 per diluted share, for the third quarter of 2017 and net income of $23.9 million, or $0.11 per diluted share, for the fourth quarter of 2016.
chat_bubble0 Comment
visibility1500 Views
Popular reports $102.2M net loss in 4Q17 related to Tax Cut and Jobs Act
January 24, 2018
Popular Inc. reported a net loss of $102.2 million for the quarter ended Dec. 31, 2017, compared to a net income of $20.7 million for the prior reflecting a non-cash income tax expense of $168.4 million due to the impact of the Federal Tax Cut and Jobs Act in the corporation’s U.S. deferred tax asset.
chat_bubble0 Comment
visibility1908 Views
Triple-S assets have grown 82% in decade since going public
December 21, 2017
Triple-S went public on the New York Stock Exchange 10 years ago, and since then, its assets have grown $1.7 billion in December of 2017 to $3.1 billion in September of 2017, for an increase of 82 percent, two of its high-ranking executives confirmed.
chat_bubble0 Comment
visibility2476 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA