Puerto Rico’s financial system reports 2% asset drop
November 26, 2013
Puerto Rico’s financial system — which comprises local and international commercial banks, cooperatives, mortgage and investment companies, and public banks, among others — reported $147.6 billion in assets during the third quarter of 2013, down about 2 percent from the $151.2 billion on record for the same period in 2012.
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Several banks run special holiday hours for Discovery Day
November 19, 2013
Several major Puerto Rico banks will be operating on a special schedule today in observance of the Discovery Day holiday.
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Op-Ed: New mortgage regulation positive for Puerto Rico
October 7, 2013
A new financial regulation defining “qualified mortgages” is due to take effect in January 2014. It would make the approval process for a mortgage stricter, both in the United States and Puerto Rico.
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