Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

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.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708