The non-bank lender, now a Sygnus company, focuses on bridging capital access and has raised four impact funds. #NewsismyBusiness
“Huddles” are a series of structured networking sessions that provide education and support in different areas for high-potential entrepreneurs in Puerto Rico. #NewsismyBusiness
Xpand provides mentorship to founders of innovative companies that will focus on raising capital, exports and expanding into new markets.
The undisclosed investment will enable Skootel to expand its low-carbon transportation operations in Puerto Rico.
Doral Financial Corp. told the Securities and Exchange Commission Monday that the revised capital restoration plan submitted to the Federal Deposit Insurance Corp. last week was rejected for failing to “meet the criteria.”
Doral Financial Corp.’s stock plunged nearly 25 percent Wednesday after disclosing it had received a warning by Federal Deposit Insurance Corp. that it falls within its “significantly undercapitalized” category.
The Federal Deposit Insurance Corporation has warned Doral Bank that it may no longer include in its calculation of its Tier 1 Capital some or all of the tax receivables from the government, which represented $289 million of the bank’s approximately $679 million of Tier 1 Capital at Dec. 31, 2013.
Acrecent Financial Corporation recently announced the completion of a capital raising transaction to expand its footprint in Central America, Dominican Republic, Colombia and Mexico.
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