OCIF suspends First Finance’s operations, seeks $1M+ in fines, payments
October 28, 2022
First Finance has been summoned to a hearing at OCIF within 10 days.
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Popular Inc. reports $422M in 3Q22 net income, boosted by Evertec deal
October 27, 2022
Excluding the effects of that transaction, Popular Inc.’s net income for the quarter would have been $195.8 million.
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First BanCorp. reports $74.6M in 3Q22 net income, steady vs. 3Q21
October 26, 2022
The financial institution will mark its 74th anniversary this week.
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Oriental Bank reports $157M in 3Q22 revenue, up $22M Y-O-Y
October 21, 2022
The bank's CEO urged the public sector to "execute" to rebuild Puerto Rico's infrastructure.
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Puerto Rico’s credit unions report increase of $84M in deposits
October 10, 2022
The sector also reported a total of 1.1 million credit union members.
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NY Gov. urges banks to support people, businesses hit by Hurricane Fiona
September 26, 2022
New banking guidance unveiled to ease financial burdens, including waiving ATM fees, expediting money transmission, and waiving late fees.
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PR Legal Aid urges mortgagers to adopt domestic violence protocol
September 14, 2022
"There is a very direct link between domestic violence and the risk of losing a home,” said Ariadna Godreau, executive director of the nonprofit.
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OCIF shuts down Athena Bitcoin’s Puerto Rico operations
September 13, 2022
The agency determined Athena’s failure to comply with licensing requirements under Puerto Rico laws.
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Popular enters $231M accelerated share repurchase agreement
August 26, 2022
The deal will be accounted for as a treasury stock transaction.
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Popular Inc. sells all shares in Evertec for $220M
August 16, 2022
Popular will report an after-tax gain of approximately $131 million.
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4 Puerto Rico insurance co’s sued for unlawful depreciation in auto claims
August 9, 2022
The class-action lawsuit names Triple-S, MAPFRE, Universal Insurance and Cooperativa de Seguros Múltiples.
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Citi closes sale of Puerto Rico personal banking business to Insigneo
August 3, 2022
The transaction has received regulatory approval.
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Popular Inc. reports $211.4M in 2Q22 net income
July 29, 2022
The recent result was down from the $218 million on record for the same year-ago period.
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First BanCorp. reports net income of $74.7M for 2Q22
July 25, 2022
The bank reported growth in several segments.
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Oriental CEO: ‘Puerto Rico should not experience a recession’
July 22, 2022
The banking executive recognized the challenges affecting the island, such as skyrocketing electricity costs and the increase in cost of living.
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