The commercial real estate (CRE) market faced a challenging year in 2023, experts say. #NewsismyBusiness
The Fed compared banks based in Puerto Rico with a control group of U.S. banks on the mainland to better understand how extreme weather disasters affect bank stability and their ability to lend. #NewsismyBusiness
When fully available, instant payments will provide benefits such as when rapid access to funds is useful, or when just-in-time payments help manage cash flows in bank accounts. #NewsismyBusiness
Head of Center for a New Economy among speakers in natural disasters and resiliency panel.
Williams seeks to gain insight on regional issues and are part of the New York Fed’s efforts to assess economic conditions across its Second District, which includes Puerto Rico.
The New York Federal Reserve’s Cash and Custody Division confirmed a drop in the nationwide availability of coins — quarters, dimes, nickels and pennies — as a result of the COVID-19 pandemic, which is also affecting the Puerto Rico market, the Bankers Association stated. The decrease is mainly due to the interruption of the circulation […]
The Federal Reserve Bank of New York today announced a new format for the “High School Fed Challenge,” an annual competition designed to enhance and promote economic education. Any high school in the Federal Reserve’s second district — which includes New York State, Northern New Jersey, Puerto Rico, the U.S. Virgin Islands, and Fairfield County, […]
The Coronavirus pandemic will cause people to rethink existing values and will impact economic models going forward, a group of local and international experts gathered by Invest Puerto Rico during a virtual webinar concluded. In Puerto Rico, where the economy has been limping along for the better part of the last 12 years, the already […]
Federico Stubbe, Jr., president of PRISA Group, which is currently in the final stages of inaugurating its Distrito T-Mobile entertainment complex in San Juan, has been chosen as a member of the Federal Reserve Bank of New York’s Second District Advisory Council. The private-sector group is sponsored by the New York Fed and will hold […]
This year’s edition of the Financial Awareness Video Contest co-sponsored by the Puerto Rico Bankers Association and the Federal Reserve Bank of New York focused on the importance of implementing eco-friendly practices and the effective use of social networks as part of the strategies to develop and establish a profitable business. For more than 10 […]
The Puerto Rico Bankers Association and the Federal Reserve Bank of New York announced the beginning of the voting period to select the winner of the “People’s Choice Award” for this year’s Puerto Rico Financial Awareness Video Contest. To participate in the selection, the public may go to the Association’s website and vote for their […]
The Puerto Rico Bankers Association (PRBA) and the Federal Reserve Bank of New York (FRBNY) recognized the creativity and talent of college students who participated in the most recent edition of the “Financial Awareness Video Contest.” For 10 years, said competition has been well known for motivating college students to develop creative audiovisual pieces about […]
In the year since Hurricane María struck Puerto Rico, the share of so-called “micro-revenue” firms generating $50,000 or less in profits increased.
The Puerto Rico Bankers Association and the Federal Reserve Bank of New York reminded college students between the ages of 17 and 33 years of the upcoming April 6th deadline to participate in the 2018 edition of the “Financial Awareness Video Contest.”
Hurricanes Irma and María did immense damage to Puerto Rico and the U.S. Virgin islands, severely exacerbating what were already very difficult economic conditions. My heart goes out to our fellow citizens who have suffered so much and who face a long and difficult recovery ahead.
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