Doral Financial Corporation filed papers Wednesday appealing a decision by the Superior Court and asking the Puerto Rico Supreme Court to assume jurisdiction of the appeal.
Nearly six years after receiving $935 million from the U.S. Treasury through its Troubled Asset Relief Program, Popular Inc. announced Wednesday it has received the go-ahead from regulators to repay the amount.
The Office of the Commissioner of Financial Institutions, Puerto Rico’s banking watchdog, was left out of the talks leading to the agreement through which the Treasury Department approved a $229 million tax refund to Doral Financial Corp., the regulator said Tuesday during a House public hearing.