News Puerto Rico Banks: Puerto Rico bank, government clash over $230M
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government and one of the island’s biggest banks are locked in a heated battle over $230 million as both sides struggle to regain their financial footing in ...
News Puerto Rico Banks: Epstein victim says Puerto Rico bank facilitated his crimes
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
News Puerto Rico Banks: Bank in Puerto Rico launches its digital-asset custody service
"Our primary goal since founding FV Bank has been to help drive blockchain technology innovation in financial services," said Miles Paschini, CEO of FV Bank. A long-planned digital asset custody ...
News Puerto Rico Banks: Banco Popular De Puerto Rico Named "Bank of the Year Puerto Rico" by The Banker Magazine
Popular, Inc. announced that Banco Popular de Puerto Rico was selected as" Bank of the Year Puerto Rico" by The Banker, The Financial Times’ international banking magazine. Ignacio Alvarez, President and CEO of Popular, Inc., shares," Popular’ s purpose is to put people at the center of progress. The bank also achieved a significant milestone in Puerto Rico, adding more...
News Puerto Rico Banks: Regional Banks Stocks Q4 Highlights: Popular (NASDAQ:BPOP)
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the regional banks industry, including Popular (NASDAQ:BPOP) and its peers.
News Puerto Rico Banks: Support grows to open financial services to cannabis industry
Bill would allow more banks to serve Puerto Rico medicinal cannabis firms. #NewsismyBusiness - Stay updated with the latest Puerto Rico business news, economy insights, finance, retail, tourism, and more from News is my Business.
News Puerto Rico Banks: FirstBank Puerto Rico Announces Data Breach After Cyberattack at MIAC
Founded in 1948, FirstBank Puerto Rico is a bank based in San Juan, Puerto Rico. The company’s official name is First Bancorp, which is technically a financial holding company that oversees the ...
News Puerto Rico Banks: Puerto Rico's economic indicators mixed
Puerto Rico's preliminary economic activity index in February was down 0.2% from a year earlier but most other economic statistics were positive. According to the Puerto Rico Economic Development Bank ...
News Puerto Rico Banks: Six in Puerto Rico indicted in $9M scheme targeting US funds
SAN JUAN, Puerto Rico (AP) — A federal grand jury in Puerto Rico has indicted six people in an alleged fraudulent scheme involving $9 million in government pandemic funds, officials said Wednesday.
News Puerto Rico Banks: Popular: Q2 Earnings Snapshot
The bank, based in Hato Rey, Puerto Rico, said it had earnings of $2.77 per share. The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $729.2 million in ...
News Puerto Rico Banks: Food Bank of Puerto Rico opens RFP for $1M ‘Hambre Cero’ initiative
To mark its 34th anniversary, the Food Bank of Puerto Rico announced its second RFP for “Puerto Rico Hambre Cero 2022,” which has $1 million available to award for the develop ...
News Puerto Rico Banks: Gorbea’s New Ad Claims “I Don’t Come From a Well Connected Family” - Father Is Major Influence in PR
Nellie Gorbea, a Democratic candidate for governor of Rhode Island, has launched a new TV campaign in which she claims “I don’t come from a well-connected family.” Her parents, however, are an ...
News Puerto Rico Banks: More Than 53 Million People Received Help From Food Banks And Food Pantries In 2021
New Report from Feeding America Highlights Need in Communities Across the Country, Still One-Third More than Before the PandemicCHICAGO, June 15, ...
News Puerto Rico Banks: First Finance International Bank is bringing financial services closer to everyone
After five years of development and collaboration with industry leaders, First Finance International Bank Inc (FFIBI) unveils its worldwide platform offering cross-border payments for a fraction of ...
News Puerto Rico Banks: Cemex Puerto Rico extends contract with Puerto Rico Ports Authority
Cemex Puerto Rico has extended its contract with the Puerto Rico Ports Authority by 20 years. The subsidiary of Mexico-based Cemex uses Pier 16 of the Port of San Juan. Joel A Pizá Batiz, the ...
News Puerto Rico Banks: How a former Goldman Sachs whiz kid living in Puerto Rico exploited a generational shift in investing to become one of Millennium's most profitable traders
Hedge funds spotted a golden opportunity amid the rise of index funds and ETFs. Glen Scheinberg's team at Millennium has quietly dominated the trade.
