Commercial bank assets drop 15.6% in ’10 while brokerage houses, cooperatives shine
febrero 28, 2011
Puerto Rico’s main banks had more than $75.6 billion in combined assets at the end of 2010, reflecting a year-over-year drop of 15.6 percent, according to a report released by the Office of the Commissioner of Financial Institutions.
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First BanCorp announces loan sale, 4Q losses
febrero 9, 2011
Just two months after announcing its intent, First BanCorp on Wednesday confirmed it has entered into a definitive agreement to sell a loan portfolio with an unpaid principal balance of $516.7 million to a newly created joint venture between Goldman, Sachs & Co. and Caribbean Property Group.
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Local banks banning hats, sunglasses, limiting celphone use at branches
febrero 8, 2011
Attention Puerto Rico bank customers: Starting Feb. 14 individuals will not be allowed to wear sunglasses or hats while conducting a transaction at a local bank branch. Mobile telephone use will also be limited.
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SEC probe targets local UBS subsidiary over ’08 mutual bonds sale
febrero 4, 2011
UBS Financial Services Inc. of Puerto Rico is facing a possible lawsuit by the U.S. Securities and Exchange Commission, which recently issued a Wells notice regarding the sale of mutual funds that bought $1.5 billion in bonds that the Swiss-based bank had underwritten on the island, Bloomberg reported Friday.
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Oriental Financial Group announces 4Q earnings, $30M stock repurchase plan
febrero 3, 2011
Oriental Financial Group on Thursday released its fourth quarter report, showing strong performance in core banking operations, just several months after settling into its expanded footprint resulting from its acquisition of the former EuroBank.
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Popular vende $500M en préstamos hipotecarios de mala calidad y reclasifica su cartera hipotecaria en Estados Unidos.
31 de enero de 2011
Popular Inc. sigue dando pasos para mejorar su balance general con el anuncio el lunes de que ha firmado una carta de intención no vinculante para vender aproximadamente $500 millones en préstamos para la construcción y bienes raíces comerciales. Alrededor del 75 % de los préstamos, que se venderán a su valor contable, son morosos.
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First BanCorp ‘unaware’ of developments affecting stock
enero 13, 2011
First BanCorp announced Thursday — at the request of the New York Stock Exchange — that it is not aware of any developments that would account for the market activity in the corporation's common stock today.
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First BanCorp announces 1-for-15 reverse stock split
enero 5, 2011
First BanCorp, parent company of First Bank, announced Wednesday that, effective Jan. 7, it will implement a 1-for-15 reverse stock split of all outstanding shares of its common stock as it pulls at its options to remain listed on the New York Stock Exchange.
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Stateside analyst firm notes Popular Inc, Oriental’s ’10 performances
diciembre 31, 2010
Digital financial media company TheStreet.com this week included two local banks in its list of “Bank Stock Awards” winners, recognizing their respective performance improvements in 2010.
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First Bank’s parent company gearing up for stock offering
noviembre 16, 2010
First BanCorp, parent company of First Bank, is getting ready to to price a $500 million secondary common stock offering next week, as an effort to shore up its finances.
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