1. Popular's P.R. Deal Appetite Flags.
- Author
-
Rieker, Matthias
- Subjects
ACCOUNTING problems & exercises ,BANKING industry - Abstract
The article reports that Popular Inc.'s interest in playing an active role in a consolidation of Puerto Rico's troubled banking industry has waned. Three San Juan banking companies, Doral Financial Corporation, R&G Financial Corporation, and First BanCorp ran into accounting problems in 2005. At that time, Popular executives said they might have interest if any of those companies came up for sale. Because the companies have not shown sufficient improvement, Popular's interest has diminished.
- Published
- 2007