puerto rico

First BanCorp adds regulatory experience with director appointment

09/04/18

The Puerto Rican company added Daniel Frye, a former FDIC adviser, to its board.

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Keeping up with the Contracts Clause: the Supreme Court's decision in Sveen v. Melin

07/11/18

In June 2018, the U.S. Supreme Court decided Sveen v. Melin, a case applying Contracts Clause* jurisprudence to a state revocation-on-divorce statute and preexisting insurance contract. It isn't like the Supreme Court hears a Contracts Clause case every week, every term, or even every decade.

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'Rogue informant' sues Puerto Rico over banking license denial

07/05/18

Guy Gentile ran a stock brokerage. He spent years running sting operations as an FBI informant. Then, after he was arrested anyway, he beat the charges. Now his plan for his next act — opening a bank in Puerto Rico — is hitting a snag.

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Popular to record big gain after exiting FDIC loss-share agreement

05/24/18

The agreement was tied to the Puerto Rico company's 2010 purchase of the failed Westernbank.

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Tape, batteries and attaboys: A natural-disaster checklist for banks

05/14/18

With hurricane season just weeks away, bankers from coastal markets share the hard lessons learned after the storms that belted Florida, the Gulf Coast and elsewhere last year. Their advice can be applied in all kinds of emergencies.

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Accounting gaffe surfaces at First Bancorp in Puerto Rico

03/20/18

The San Juan company disclosed an error in the way it calculated the provision for losses in its commercial loan book.

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Helping distressed communities like Puerto Rico can boost banks' bottom line

03/02/18

In providing aid, banks can earn Community Reinvestment Act credit and burnish their reputation.

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Aurelius Seeks a Do-Over; Puerto Rico and the Appointments Clause Litigation

01/08/18

The lives of Puerto Rico residents remain profoundly disrupted by the aftermath of Hurricane Maria measured by metrics such as electricity, clean water, health care access, with death tolls mounting. This week, though, in a federal court hearing on January 10, 2018, Puerto Rico has the extra burden of confronting Hurricane Aurelius.

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Aurelius v. The Control Board: What is Going On? (Part II)

12/08/17

First, thanks to all of you who emailed and commented with possible answers as to what the Aurelius strategy in challenging the constitutionality of the Puerto Rican Control Board might be (the subject of Part I).  My favorite answer was the simple: “Create Chaos”.  That was followed by another answer: “Once the sheep start panicking, they become easy pickings for the wolves.”  I’m not sure that I understand either strategy, but tha

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