Institute of Statistics launches banking performance dashboard
June 5, 2025
New interactive tool compiles FDIC-regulated bank data since 2001. #NewsismyBusiness
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Federal Reserve bans ex-Banco Popular official over embezzlement
April 2, 2025
Nicolás Pérez-Alvarado pleaded guilty to misappropriating nearly $20,000 while serving as deputy operations manager in Puerto Rico. #NewsismyBusiness
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FDIC to host economic inclusion roundtable in Ponce next month
January 24, 2025
The agency is hosting the “Economic inclusion roundtable: Financial services, asset building & economic development in the Southern Region of Puerto Rico” event next month. #NewsismyBusiness
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Puerto Rico boosts small business financing with federal support
March 4, 2024
The island’s Economic Development Bank partners with the U.S. Treasury to expand credit options. #NewsismyBusiness
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Popular Inc. reports $541M in net income in 2023, $94.6M in 4Q
January 26, 2024
Popular Inc. CEO Ignacio Álvarez confirmed that the Apple Pay service will finally become available in Puerto Rico this year. #NewsismyBusiness
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Puerto Rico banking system ‘solid, safe’ from CA, NY bank meltdowns
March 14, 2023
“Banks in Puerto Rico are sufficiently well-capitalized and strategically diversified, so their customers’ deposits are completely safe," said OCIF Commissioner Natalia Zequeira.
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Puerto Rico Bankers Association, FDIC educate on regulatory changes, trends
December 6, 2022
The 2022 Annual Compliance Seminar gathered more than 100 professionals from the financial sector and other industries.
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FDIC encourages banks to help borrowers in areas affected by severe weather
April 11, 2022
The action responds to the property damage experienced by consumers in Cataño, Dorado, Toa Baja, Vega Alta, and Vega Baja because of the storms that soaked Puerto Rico Feb. 4-6.
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FDIC offers guidance to P.R. banks to ease earthquake recovery efforts
January 27, 2020
The FDIC announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Puerto Rico affected by earthquakes. In a release, the regulatory body stated the measures would apply to all FDIC-supervised financial institutions with total assets under $1 billion. The FDIC is encouraging banks to “work […]
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Bankers Association, FDIC educate on regulatory compliance
August 16, 2018
The Puerto Rico Bankers Association and the Federal Corporation Deposit partnered to offer the 2018 edition of their "Minority Depository Institution Compliance Seminar.”
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Popular announces early termination of FDIC Shared-Loss Agreements
May 24, 2018
Popular Inc. announced that, on May 22, its subsidiary Banco Popular entered into a Termination Agreement with the Federal Deposit Insurance Corp.
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Popular reports $1.4M net loss in 4Q16
January 25, 2017
Popular Inc. reported a net loss of $4.1 million for the quarter ended Dec. 31, 2016, compared to net income of $46.8 million for the quarter ended Sept. 30, 2016.
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Popular will record $115M loss after losing FDIC dispute
December 15, 2016
Banco Popular de Puerto Rico lost its appeal before a review board over a dispute with the Federal Deposit Insurance Corp. earlier this year that will result in a $115 million pre-tax charge for the quarter ended Dec. 31, the bank confirmed Wednesday.
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Bankers Assoc., FDIC offer annual compliance seminar
December 5, 2016
The Puerto Rico Bankers Association of Puerto Rico, jointly with the Federal Deposit Insurance Corporation, recently hosted a two-day “Minority Depository Institution Training Seminar,” marking the 10th time the organizations team up to offer it.
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Popular takes $55M hit after losing appeal in FDIC fight
October 5, 2016
Banco Popular de Puerto Rico announced Tuesday that it lost an appeal before a review board deciding over a dispute with the Federal Deposit Insurance Corp., representing a $55 million hit for the bank.
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