El proyecto de ley bancaria que obliga a ofrecer servicios completos en línea despierta inquietud
8 de septiembre de 2025
La industria advierte que el proyecto de ley 147 de la Cámara de Diputados podría perjudicar a las personas mayores y agotar los recursos de los bancos. #NewsismyBusiness
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First BanCorp named top-performing US bank in its asset class
agosto 1, 2025
Ranking highlights financial strength and operational discipline of FirstBank Puerto Rico’s parent company. #NewsismyBusiness
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Puerto Rico stocks up 15% as investors bet on financial, fintech strength
julio 7, 2025
Despite continued contraction in economic activity, local market optimism rises on bank earnings, digital infrastructure growth. #NewsismyBusiness
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El Instituto de Estadística lanza un panel de control del rendimiento bancario
5 de junio de 2025
Una nueva herramienta interactiva recopila datos de bancos regulados por la FDIC desde 2001. #NewsismyBusiness
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Overdraft/NSF fee cuts save consumers $6B, banks lose revenue
mayo 13, 2024
Puerto Rico banks such as Banco Popular, FirstBank and Oriental Bank have moved to reduce or eliminate overdraft/NSF fees in recent years. #NewsismyBusiness
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Puerto Rico financial institutions no longer on list of money laundering risks
febrero 20, 2024
Gov. Pierluisi signs into law legislation to strengthen regulation and oversight of international banking and financial entities on the island. #NewsismyBusiness
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Federal Reserve’s FedNow Service for instant payments is now live
julio 24, 2023
When fully available, instant payments will provide benefits such as when rapid access to funds is useful, or when just-in-time payments help manage cash flows in bank accounts. #NewsismyBusiness
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El gobernador de Nueva York insta a los bancos a apoyar a las personas y empresas afectadas por el huracán Fiona
26 de septiembre de 2022
Se dan a conocer nuevas directrices bancarias para aliviar las cargas financieras, entre las que se incluyen la exención de comisiones por uso de cajeros automáticos, la agilización de las transferencias de dinero y la exención de comisiones por demora.
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Op-Ed: US vs. Puerto Rico banks, who’s ahead in ’22 and why?
mayo 11, 2022
We begin our analysis by examining the top 6 U.S. Bank holding companies, part of the Birling Capital U.S. Bank Index. We discuss how each bank holding company’s stock has fared from Jan. 1 to May 9 and compared to the Dow Jones, S&P 500, and Nasdaq and how they have managed against the Birling Capital U.S. Bank […]
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FDIC encourages banks to help borrowers in areas affected by severe weather
abril 11, 2022
The action responds to the property damage experienced by consumers in Cataño, Dorado, Toa Baja, Vega Alta, and Vega Baja because of the storms that soaked Puerto Rico Feb. 4-6.
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Liquidity of Puerto Rico’s banks up $16B in 1Q21, Financial Stability Index says
junio 23, 2021
The Financial Stability Index of commercial banks in Puerto Rico, prepared by Estudios Técnicos Inc., shows a strengthening in the banking industry this year, mainly due to an improvement in its liquidity and increases of $16 billion in deposits in the first quarter of 2021. “The index increased from 0.52 in the first quarter of […]
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USDA Rural Dev.’t awards 5 Puerto Rico banks for $109M in lending
julio 2, 2020
U.S. Department of Agriculture Rural Development office in Puerto Rico announced the recipients of its “Top Lenders Awards” for approving $109 million in home loans. In June, the agency celebrates “Homeownership Month.” In 2020, the partnership between USDA Rural and local lending institutions has led to more than 3,700 families buying homes, said Puerto Rico […]
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P.R’s banking regulator sees ‘no major obstacle’ to Oriental-Scotiabank merger
agosto 22, 2019
Puerto Rico’s Office of Financial Institutions Commissioner George Joyner said although the deal is pending regulatory approvals, he sees “no major obstacle” for Oriental’s acquisition of Scotiabank de Puerto Rico’s assets to happen. In an interview on the “En Una Hora” program that airs on 11Q 1140 AM, in which News is my Business participates, […]
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Op-Ed: Banks’ ‘recklessness’ cost insurers $720M
agosto 21, 2019
Puerto Rico bond insurers this month filed suit against eight well-known investment banks (UBS, Citi, Goldman Sachs, J.P. Morgan Securities, Morgan Stanley, Merrill Lynch, RBC and Santander) for failing to perform proper diligence on Commonwealth bonds worth approximately $11 billion. The train of neglect ran from 2001 to 2015 and included revenue and expenditure falsification […]
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Moody’s: P.R. and its banks will benefit from federal economic analysis
marzo 13, 2019
The reason for the positive outlook is that Moody’s believes federal estimates of the island’s Gross Domestic Product “will bolster reforms by the island that should encourage unbanked residents to participate in the banking system, thereby spurring loan growth and increasing operating margins.” In its report, Moody’s predicted that the banks that will benefit are […]
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