Puerto Rico’s banking sector began seeing black this year, as the institutions began to slowly turn their finances around. A consolidation took place between Oriental and BBVA, while Doral struggled to remain above water.
Doral Bank President Glen Wakeman today announced the appointment of Jesús Méndez as executive vice president of operations of the bank’s retail and mortgage banking operations in Puerto Rico.
Keeping local capital well invested, protected and solid is crucial to Puerto Rico, as it is the only way to create jobs and move the economy, said Gregory Kaufman, newly appointed president of Popular Securities during his first meeting with members of the media Wednesday.