Upon wrapping up what company officials called “a difficult year,” Doral Financial Corp. is looking to reduce its exposure to Puerto Rico’s economic problems by migrating its assets to its U.S. mainland business, company CEO Glen Wakeman said during a Monday afternoon earnings conference call.
Doral Financial Corporation today reported a net loss for the third quarter ended Sept. 30, 2013 of $7.5 million, closing the gap from net losses of $10.4 million and $32.5 million for the second quarter ended June 30, 2013 and the year ago quarter ended Sept. 30, 2012, respectively.
Doral Financial Corporation, which has operations in Puerto Rico and the U.S. mainland, reported Wednesday a net loss of $10.4 million for the three months ended June 30, 2013.
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