Popular Softens Blow from Loan Sales with Investment Gain

Barba, Robert
May 2013
American Banker;5/15/2013, Vol. 178 Issue 75, p17
Trade Publication
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.


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