NIC interim management tells employees, business partners liquidation not an option
May 21, 2011
Despite the fact that the San Juan Superior Court placed National Insurance Corp. under trusteeship this week, the company’s interim management is giving employees and affiliated insurance agencies a positive outlook on the situation.
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Popular Inc. desists from selling $500M loan portfolio
May 19, 2011
Four months after announcing its intention of selling some $500 million in non-performing construction and commercial real estate loans to a newly created joint venture with an unrelated third party, Popular Inc. said Thursday it has walked away from the deal.
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FirstBank sells off Ft. Lauderdale properties, at 62% discount
May 18, 2011
FirstBank Puerto Rico recently sold a couple of office buildings in Fort Lauderdale for $2.3 million, or 62 percent off their foreclosed mortgage value, according to the South Florida Business Journal.
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