(NEW YORK)Popular Inc., the parent of Puerto Rican bank Banco Popular, said Tuesday that it has received preliminary approval to sell $950 million of preferred stock to the Treasury Departme...READ MORE
Among the earnings stories for Wednesday, Oct. 22, from AP Financial News: TRENTON, N.J. (AP)--Drugmaker Merck & Co. said Wednesday it will slash 7,200 jobs as part of a new restru...READ MORE
(SAN JUAN, Puerto Rico)Popular Inc. says it posted a steep loss in the third quarter due to exposure to bad loans, and will scale back its banking operations on the U.S. mainland in response to the econo...READ MORE
(NEW YORK)Popular Inc. said Wednesday it agreed to buy from R-G Mortgage Corp. the servicing rights to a $5.1 billion mortgage loan portfolio in Puerto Rico, boosting its servicing business ...READ MORE
(NEW YORK)Shares of regional banks tumbled Tuesday amid several bank downgrades and as concern over the fate of investment bank Lehman Brothers Holdings Inc. rattled financial stocks.READ MORE
(NEW YORK)Moody's Investors Service on Wednesday left the outlook on its ratings for Popular Inc., the parent company of Banco Popular, at "Negative" after the bank agreed to sell most of th...READ MORE
(NEW YORK)Shares of Popular Inc. jumped Friday after the Puerto Rico-based bank said it plans to sell $1.17 billion of U.S. mortgage assets to affiliates of Goldman Sachs Group Inc.READ MORE