Doral reps urge gov’t to honor tax agreement
October 14, 2014
On the heels of its legal victory last week, Doral Financial Corp.’s Economic Advisor Robert Shapiro on Monday urged the government of Puerto Rico to honor the tax agreement upheld by a local court, “for the sake of its credibility.”
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Doral, Rooms to Go offer joint financing alternatives
October 7, 2014
Doral Mortgage and furniture retailer Rooms to Go recently announced a partnership to offer customers special financing offers on loans closed before Nov. 20, 2014.
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FDIC: Doral ‘significantly undercapitalized;’ stock plunges
October 2, 2014
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.
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Doral Financial Corp. sells $430M in assets to Barclays
September 10, 2014
Doral Financial Corporation, the financial services holding company of Doral Bank, with operations in Puerto Rico and the U.S. mainland, announced Tuesday the sale of some $430 million in assets to Barclays Inc.
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Doral, gov’t prolong public war of words over tax dispute
August 27, 2014
Doral Financial Corp. and Puerto Rico government officials were back in the public eye Tuesday, when both parties took to the media to defend their reasons for a collapse in court-ordered negotiations regarding a $229 million tax refund the former is claiming, and the latter rescinded.
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Doral, gov’t continue talks on tax refund dispute
August 25, 2014
Despite word that court-ordered talks between the government and Doral Financial Corp. had broken down late Friday, representatives from both parties confirmed negotiations are still on the fate of a $229 million tax refund the bank is claiming from the government.
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Court orders Doral, Treasury to negotiate tax refund deal
August 12, 2014
The saga between Doral Financial Corp. and the Puerto Rico Treasury Department that began earlier this summer took another turn recently, when a local court ordered the parties to sit down and negotiate an agreement that would grant the bank a $229 million tax refund.
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Doral sells $824.4M in non-performing assets at discount
July 15, 2014
Doral Financial Corp. announced Monday it had entered into an agreement to sell some $824.4 million in non-performing loans to Abbey Finance Holdings PR, LLC, for a discounted amount of $369 million.
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Doral files appeal with Puerto Rico Supreme Court
June 19, 2014
Doral Financial Corporation filed papers Wednesday appealing a decision by the Superior Court and asking the Puerto Rico Supreme Court to assume jurisdiction of the appeal.
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Banking regulator OCIF left out of Doral/Treasury accord
June 18, 2014
The Office of the Commissioner of Financial Institutions, Puerto Rico’s banking watchdog, was left out of the talks leading to the agreement through which the Treasury Department approved a $229 million tax refund to Doral Financial Corp., the regulator said Tuesday during a House public hearing.
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Doral sues Puerto Rico gov’t over denied $230M refund
June 6, 2014
Doral Financial Corp. filed a lawsuit at the San Juan Superior Court and a Writ for Certification in the Puerto Rico Supreme Court, alleging that the government illegally nullified its agreement to refund the bank nearly $230 million in tax overpayments.
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Doral sells $241M in loans to FirstBank; weighs options
June 3, 2014
Doral Financial Corp. announced Monday it has entered into an agreement to sell $242.1 million in loans to FirstBank Puerto Rico through a transaction that closed May 30.
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Doral takes new jab at Treasury, which stands its ground
May 28, 2014
Economist and former Clinton administration official Robert Shapiro said Tuesday the Treasury Department’s decision to nullify an agreement that would have granted Doral Financial Corp. a $230 million tax refund has “serious implications” on the potential to attract future investments, as well as on the island’s economic growth.
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Doral hires stateside firms to navigate through crisis
May 27, 2014
Doral Financial Corp. has hired a couple of Washington, D.C-based firms to back up its fight against the Puerto Rico government’s decision to rescind on an agreement signed in 2012 granting the bank a $230 million tax refund.
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Treasury says Doral not entitled to $230M tax refund
May 16, 2014
Following a “deep analysis,” the Puerto Rico Treasury Department denied Doral Financial Corp.’s request for a refund of $230 million it claims to have overpaid in taxes, voiding an agreement struck in March 2012.
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