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Report: FDIC Seeking Buyers for Puerto Rican Banks [CR]

Wednesday, March 17, 2010 - 7:54 AM
Calculated Risk Blog reports on news articles which mention troubles at three large Puerto Rican banks: R-G Premier Bank, Eurobank and Westernbank. I'm glad to see Banco Popular is not one of the three mentioned. As the reader Shorebreak commented:
Banco Popular North America which runs E-LOAN Bank has been downgraded to "ZERO stars" by Bauer financial. E-LOAN is a wholly-owned subsidiary of Banco Popular North America, a New York State-chartered bank, which in turn is a wholly-owned subsidiary of Popular, Inc., a full service financial services provider with operations in Puerto Rico.
Hat tip to Shorebreak for this Banco Popular comment and the link to CR's post in the Open Discussions Thread.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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