PYMNTS
OCTOBER 3, 2016
In 2010, Westernbank Puerto Rico, the country’s second-largest commercial bank, took a loss of more than $140 million on loans to a Florida businessman, 53-year-old Jack Kachkar, which contributed to its failure, according to the FDIC’s inspector general. Kachkar used his pharmaceutical company, Inyx Inc.,
American Banker
OCTOBER 5, 2016
in San Juan, Puerto Rico, will take a $55 million hit to third-quarter earnings after its bank lost an arbitration battle with the Federal Deposit Insurance Corp. Popular Inc.
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PYMNTS
APRIL 3, 2019
The Puerto Rico-based institution for crypto traders is a unit of Mercantile Global Holdings (MGH), which also owns San Juan Mercantile Exchange (SJMX), an “institutional-grade electronic trading platform for digital assets” that is set to launch soon. While SJMBT is not insured by the U.S.
American Banker
DECEMBER 15, 2016
in San Juan, Puerto Rico, will absorb another hit to its earnings tied to a dispute with the Federal Deposit Insurance Corp. Popular Inc.
American Banker
OCTOBER 25, 2016
in San Juan, Puerto Rico, said its quarterly profit fell after losing an arbitration dispute with the Federal Deposit Insurance Corp. Popular Inc.
Jeff For Banks
DECEMBER 16, 2022
and Puerto Rico banking laws and regulations. Founded in 1964, OFG's banking subsidiary, Oriental Bank , is one of Puerto Rico's largest banks, and is focused on the island and the U.S. five-year total return and #2 on the JFB Top 5! Well done! #3 Virgin Islands. of total revenues, respectively. five-year total return.
American Banker
APRIL 25, 2016
A decline in expenses and a modest rise in lending income boosted first-quarter profit at Popular in San Juan, Puerto Rico.
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