UBS Financial Services Inc. and UBS Financial Services Inc. of Puerto Rico were slammed with an $18 million arbitration verdict by the Financial Industry Regulatory Authority released Monday, legal firm Sonn and Erez PLC confirmed in a statement.
The rate hike that the Puerto Rico Electric Power Authority and its bondholders are proposing would further erode the island’s economy and set back its recovery, members of the island’s private sector claimed Monday.
Grupo Guayacán Inc. has granted $50,000 in seed funding to three companies that graduated from the first edition of the SPRINGBOARD program, the nonprofit announced Monday.
Backed by more than two decades of experience in mattress manufacturing and distribution in Puerto Rico, Silver Comfort announced Monday it has opened offices in Winter Garden, Florida to serve the region and pursue national growth.
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.
The Financial Oversight and Management Board for Puerto Rico created under the Puerto Rico Oversight, Management and Economic Stability Act issued Sunday a request for proposals for firms interested in providing services to the Board as financial advisor.
Telecommunications service provider joined INprende to bestow an award recognizing young entrepreneur Pedro Anibarro, a student at Turabo University, during the recent College Entrepreneurship Summit.
Bankruptcy filings dropped by 23 percent in November, when a total of 706 cases were filed, in comparison to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico Thursday.
The head of the Economic Development Bank for Puerto Rico told members of the incoming administration during transition hearings that the agency approved $499.7 million in financing from January 2013 to present, boosting the economy
Telecommunications carrier Claro announced Thursday the addition of 15 sectors in 11 Puerto Rico towns to its offering of high-speed broadband wireless service of up to 100 Mbps.
Puerto Rico has been announced as one of 19 TechHire communities dedicated to creating pathways for more U.S. citizens to access well-paying tech jobs and expanding local tech sectors in communities across the country, the White House announced Thursday.
The Financial Industry Regulatory Authority (FINRA) announced Wednesday it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm will pay some $780,000 in restitution to 22 Puerto Rico customers who who were "highly concentrated and highly leveraged in Commonwealth securities."
Grupo Guayacán, Inc. (GGI) announced Wednesday the official launch of the new Puerto Rico IDEA Seed Fund, in collaboration with Fundación Banco Popular, the Georgia Institute of Technology, and several entrepreneurs participating as private investors.
True to season of giving, and as part of the brand’s #InAHyattWorld campaign, the Hyatt Place San Juan City Center announced that the recipient of the 2016 Hyatt Community Grant, worth $15,000, is the Boys & Girls Clubs of Puerto Rico Inc.
While admitting that there isn’t much the Federal Reserve Bank of New York can do to spur economic growth for the island, William Dudley, the head of the regulatory agency, said Tuesday he is “confident that Puerto Rico has started on the road to recovery.”
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