USDA Rural Dev.’t awards 5 Puerto Rico banks for $109M in lending
July 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 ...
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P.R’s banking regulator sees ‘no major obstacle’ to Oriental-Scotiabank merger
August 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 ...
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Op-Ed: Banks’ ‘recklessness’ cost insurers $720M
August 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 ...
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