Popular will record $115M loss after losing FDIC dispute
December 15, 2016
Banco Popular de Puerto Rico lost its appeal before a review board over a dispute with the Federal Deposit Insurance Corp. earlier this year that will result in a $115 million pre-tax charge for the quarter ended Dec. 31, the bank confirmed Wednesday.
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Popular takes $55M hit after losing appeal in FDIC fight
October 5, 2016
Banco Popular de Puerto Rico announced Tuesday that it lost an appeal before a review board deciding over a dispute with the Federal Deposit Insurance Corp., representing a $55 million hit for the bank.
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FDIC set to file more than 150 lawsuits against failed banks executives
April 12, 2011
The Federal Deposit Insurance Corporation is said to be preparing to sue at least 150 banking executives responsible for the financial debacle that has prompted the closing of nearly 350 banks in the United States since 2008, including three in Puerto Rico last year.
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