Less than 24 hours after the Telecommunications Regulatory Board made public a resolution and order that seemingly granted the cable television franchise license Puerto Rico Telephone (Claro) has been seeking since 2008, agency President Sandra Torres said Friday the decision is “null” because its content is radically different from what was discussed earlier this year.
Eighteen months after purchasing the failed R-G Premier Bank, Scotiabank of Puerto Rico will culminate the merger of both institutions by closing all of its 46 branches and central offices next Thursday afternoon and reopening them Monday, Nov. 14, upon completion of the integration.
Changes in federal regulations and the impact of the newly created Consumer Financial Protection Bureau on the local banking industry will be discussed for the next two days during the fifth edition of the “Minority Depository Training Seminar” co-sponsored by the Puerto Rico Bankers Association and the Federal Deposit Insurance Corporation.
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