News in Puerto Rico, Current News and Events in Puerto Rico

Doral Financial in Puerto Rico Is Shut Down by Regulators - New York Times

New York TimesDoral Financial in Puerto Rico Is Shut Down by RegulatorsNew York TimesDoral Financial, the troubled Puerto Rico bank that was once a darling of Wall Street before becoming known as a political pariah on the island, has been shut down by banking regulators. The Federal Deposit Insurance Corporation expects to lose about ...FDIC Closes Puerto Rico's Doral Bank; Banco Popular Steps InABC NewsFDIC closes bank in Puerto RicoColumbus DispatchPuerto Rico's Doral Bank Placed Under FDIC ReceivershipBloombergReuters -Salt Lake Tribune -Wall Street Journalall 82 news articles »

Can bankruptcy save Puerto Rico's state-run corporations? - Washington Post (blog)

Washington Post (blog)Can bankruptcy save Puerto Rico's state-run corporations?Washington Post (blog)Puerto Rico is buried under at least $73 billion in debt that has left its economy in a near perpetual recession and caused a significant number of its residents to relocate to the mainland. Worse, the island's status as a U.S. territory leaves it ...Puerto Rico Seeks Protection of Federal Bankruptcy CodeABC NewsPuerto Rico Running Out Of Plays In Losing Ratings GameForbesBondholders split on merits of Chapter 9 for Puerto Rico agenciesReutersWall Street Journal -Arizona Daily Starall 284 news articles »

Puerto Rico's Prepa likely to miss debt restructuring deadline - Reuters

Puerto Rico's Prepa likely to miss debt restructuring deadlineReutersFeb 26 (Reuters) - Puerto Rico's debt-laden power authority, Prepa, is not expected to present a restructuring plan to creditors by next week's deadline as sides continue negotiations to address the authority's debt problems. With $9 billion in debt ...and more »

Doral Survival Struggle Ends as Puerto Rico Regulators Shut Bank - Bloomberg

Doral Survival Struggle Ends as Puerto Rico Regulators Shut BankBloomberg(Bloomberg) -- Doral Financial Corp., the Puerto Rico bank engulfed by legal scrutiny and FBI probes, was seized by regulators after tumbling 94 percent in the past year. Puerto Rico's financial regulator shuttered the bank on Friday, according to a ...

UPDATE 1-Puerto Rico's Prepa to miss restructuring deadline - official - Reuters

UPDATE 1-Puerto Rico's Prepa to miss restructuring deadline - officialReutersNEW YORK Feb 27 (Reuters) - Puerto Rico's debt-laden power authority, Prepa, said on Friday that it will hold off on presenting a restructuring plan as it tries to secure an extension of an agreement from creditors not to foreclose on its $9 billion in ...Puerto Rico Infrastructure Financing Authority Lowered To 'B-'Bond Buyerall 6 news articles »

UPDATE 3-Failure of Puerto Rico's Doral Bank released early in FDIC mishap - Reuters

UPDATE 3-Failure of Puerto Rico's Doral Bank released early in FDIC mishapReutersThe FDIC announced on Friday that the bank had been closed and its banking operations and deposits will be taken over by Banco Popular de Puerto Rico, owned by Popular Inc, which will operate eight of Doral's former branches and buy its remaining 18 ...

Puerto Rico power company delays debt restructuring plan - Washington Post

Puerto Rico power company delays debt restructuring planWashington PostSAN JUAN, Puerto Rico ? Puerto Rico's heavily indebted public power company is asking creditors for more time to present its restructuring plan. A company statement Friday says it has not finalized the plan that was scheduled to be released next month.and more »

Helping Puerto Rico Prosper - Bloomberg View

Bloomberg ViewHelping Puerto Rico ProsperBloomberg ViewIn an ideal world, Puerto Rico would be bankrupt. Instead, it is sliding toward something far more dangerous and uncertain -- and President Barack Obama and Congress need to intervene. On Thursday, the House Judiciary Committee is taking up a long-shot ...

Puerto Rico Bankruptcy May Assist Island, U.S. Lawmakers Say - Bloomberg

Puerto Rico Bankruptcy May Assist Island, U.S. Lawmakers SayBloomberg(Bloomberg) -- U.S. representatives said there are benefits to letting Puerto Rico's agencies seek bankruptcy, though some expressed reservations about losses that would impose on the junk-rated island's bondholders. Representative Bob Goodlatte ...

Puerto Rico's Prepa to miss restructuring deadline - official - Reuters

Puerto Rico's Prepa to miss restructuring deadline - officialReutersNEW YORK Feb 27 (Reuters) - Puerto rico's debt-laden power authority, Prepa, said on Friday that it will hold off on presenting a restructuring plan to creditors as it continues to negotiate an extension of forbearance agreements with bondholders and ...





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