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Popular in Puerto Rico to Record $55M Loss After FDIC Dispute

American Banker

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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Popular Becomes Second To Launch Credit Cards For Use In Cuba

PYMNTS

and the first in Puerto Rico to offer its credit cards for use in Cuba. In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country.

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Veteran Florida banker hired to lead digital startup in Puerto Rico

American Banker

(..)

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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

The bank consists of two segments: 1) the traditional community bank, and 2) CCBX, which is its Banking as a Service (BaaS) division started in 2018. and Puerto Rico banking laws and regulations. million in net income for an ROA of 0.73%. billion of total assets, $36.7 Well done! #3

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Guest Post: Second Quarter Economic Commentary by Dorothy Jaworski

Jeff For Banks

Investors will now worry about the ripple effect from other countries with debt levels that are unsustainable, including Spain, Portugal, Italy, and closer to home, Puerto Rico, and who have economies that are weak. First Federal Update After our merger is approved by regulatory agencies, we will become part of Penn Community Bank.

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More PPP Funds Would Help CDFIs Lend Money To Micro Businesses

PYMNTS

Community Development Financial Institutions (CDFIs) are hoping more Paycheck Protection Program (PPP) funding is passed by Congress soon so that smaller businesses left behind can stay afloat during the coronavirus pandemic, according to a Tuesday (April 14) report in the Wall Street Journal.