Hurricane-related costs batter Popular's 3Q earnings
The Puerto Rico-based company set aside nearly $70 million for anticipated losses related to Hurricanes Irma and Maria. ... Read full article
News Topic: Hurricane Maria
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Freddie expects hurricane losses, but still reports $4.7B profit
A securities settlement, portfolio asset sales and greater interest among smaller lenders helped Freddie Mac compensate for potential losses from the catastrophic hurricane season. ... Read full article
Auto lenders brace for losses from Harvey, Irma and Maria
The hurricanes destroyed hundreds of thousands of cars, and banks are significantly boosting their reserves in anticipation of higher defaults on auto loans. But there is also a silver lining for auto lenders. ... Read full article
Regulators waive appraisals in hurricane areas to help rebuilding
Under a joint order, lenders still have to document the value of properties in storm-affected regions, but they will not have to depend on appraisers. ... Read full article
First BanCorp in Puerto Rico freed from post-crisis regulatory order
The company, which is still recovering from two recent hurricanes, said it will voluntary comply with several key restrictions that were in the 2010 written agreement. ... Read full article
Fed's emergency cash plan swings into action in Puerto Rico
The Federal Reserve's nationwide preparedness plan for cash emergencies is being put to a unique test in Puerto Rico. Stocks are being replenished with daily flights, but the lack of power to ATMs and branches is contributing to reports of cash ... Read full article