FDIC terminates First BanCorp.’s Consent Order
May 1, 2015
Nearly five years after falling under the Federal Deposit Insurance Corp.’s watch, First BanCorp, parent company of FirstBank Puerto Rico, announced Thursday the regulator has terminated the Consent Order under which it had been operating since June 2, 2010.
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Frappe maker La Frutera finds growth within Walmart
May 1, 2015
The business relationship between local frappe maker La Frutera and Walmart Supercenters has helped the local chain find growth, as more than half of its sales, or 54 percent, are generated through its presence within the mega-retailer, company officials said.
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Gov. García-Padilla to ‘take steps’ to navigate fiscal crisis
April 30, 2015
Gov. Alejandro García-Padilla said Thursday the government will take specific steps in coming months to face Puerto Rico’s fiscal crisis, which include no new taxes and no job cutbacks.
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