A lawsuit filed at the U.S. District Court for Puerto Rico in August raised concerns over nearly 60 utility poles that block access to sidewalks on at least 20 streets in San Juan.
“Customers continue to spend, maybe not at the same pace as during the [COVID-19] pandemic, but it continues to be the motor of the economy in Puerto Rico and in the [mainland] U.S.”
— Ignacio Álvarez, CEO of Popular Inc., on the bank’s first-quarter earnings, which although declined compared to last year’s figures due to industry-wide adjustments, sustained consumer spending remains a positive indicator.