TITLE

Popular Softens Blow from Loan Sales with Investment Gain

AUTHOR(S)
Barba, Robert
PUB. DATE
May 2013
SOURCE
American Banker;5/15/2013, Vol. 178 Issue 75, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on Popular in Hato Rey, Puerto Rico which plans to take a $135 million after-tax writedown related to a planned sale as of May 15, 2013 of nonperforming mortgage loans. The article notes the company's bulk sale of commercial loans in March to investors including Perella Weinberg Partners. It also notes Popular's chief executive officer is Richard Carrion.
ACCESSION #
87663332

 

Related Articles

  • Carrión: 4Q marks a strong finish to a good year. CARMONA, JOSÉ L. // Caribbean Business;1/31/2013, Vol. 41 Issue 3, p13 

    The article offers the insight of Richard Carrión, chairman and president of Popular Inc., regarding the contribution of the core businesses and improved credit to the $84 million net income of the company for the fourth quarter (4Q) of 2012.

  • Banking industry remains cautiously optimistic. CARMONA, JOSÉ L. // Caribbean Business;1/31/2013, Vol. 41 Issue 3, p12 

    The article focuses on the cautious optimism among Puerto Rico banks in 2013 as the industry continues to cut nonperforming loans. Peter Bessey, president of Scotiabank of Puerto Rico, mentions the need for the economy to grow. It also offers insights from Oriental Financial Group president...

  • Carrión: We are driving value for our shareholders. CARMONA, JOSÉ L. // Caribbean Business;1/30/2014, Vol. 42 Issue 3, p1 

    The article presents the views of Richard Carrión, chairman of banking services provider Popular Inc., regarding improving credit quality of the bank. Carrión reflects on the improved performance of the bank stating that noncovered performing loans have declined from 827 to 598 million U.S...

  • Popular CEO: Revamping Nearly Done at U.S. Unit. Monks, Matthew // American Banker;6/10/2009, Vol. 174 Issue 110, p16 

    The article discusses the financial status of Popular Inc. Commentary is offered by Richard Carrion, Popular's chief executive officer (CEO), on the probable conclusion of the banking company's restructuring. The bank intends to suspend its dividend and issue 390 million common shares. Also...

  • Richard Carrión: Evertec IPO was a very successful transaction. CARMONA, JOSÉ L. // Caribbean Business;7/25/2013, Vol. 41 Issue 28, p10 

    The article reports on the $328 million in net income at Popular Inc. for the second quarter of 2013. Chief executive officer (CEO) Richard Carrión says that the results were driven by the success of the Evertec initial public offering (IPO), tax increases, and the sale of residential...

  • Banks Likely to Accelerate Bulk Loan Sales. Stewart, Jackie // American Banker;4/ 3/2013, Vol. 178 Issue 51, p7 

    The article mentions financial analysts' and bank executives' views on bulk loan sales and the U.S. banking industry as of April 3, 2013. Clark Street Capital's John Winick says pricing for nonperforming assets has improved since the 2008 financial crisis. Mercer Capital's Jeff Davis says banks...

  • Bad loans in Greece rise to 33%.  // Regional Today;5/23/2014, p2 

    The article focuses on non-performing loans (NPL) in Greece which peaked in the first quarter of 2014, identifying the problem as consumer credit and corporate loans.

  • A Conn. bank hopes sale of nonperformers pays off. Epstein, Jonathan D. // American Banker;9/28/1994, Vol. 159 Issue 187, p8 

    Reports on BNH Bancshares' sale of nonperforming commercial loans to Cadle Co. of Newton Falls, Ohio. Contents of the sold package; Reason for the loans' nonperformance; Total assets of BNH; Financial performance for the second quarter of 1994; Cease-and-desist order with the Federal Deposit...

  • Credit Union Stat-Shot: Median Total Delinquent Loans/Capital (%).  // Credit Union Journal;8/15/2005, Vol. 9 Issue 32, p6 

    Presents a chart depicting the median total delinquent loans/capital in percent by quarter for 2004.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics