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Gonzalo Marín 101 (also known as the Old Citibank Building) located in Arecibo, Puerto Rico is a private building used for commercial purposes that was listed in the US National Register of Historic Places on November 19, 1986. [2] [3]
A specimen demand draft. A demand draft (DD) is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee). [1] [2] A demand draft can also be compared to a cheque. However, demand drafts ...
Effective November 30, 2007, Citibank sold its 17 Puerto Rico branches, along with $1.0 billion in deposits, to Banco Popular. [61] In January 2008, Citigroup reported a $10 billion loss in the fourth quarter of 2007, after an $18.1 billion write down. [62]
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The Office of the Commissioner of Financial Institutions of Puerto Rico—in Spanish: Oficina del Comisionado de Instituciones Financieras (OCIF)—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence to all applicable laws and regulations.
2007: Banco Popular acquires Citibank's retail business in Puerto Rico, including nine branches, as well as the operations in Puerto Rico of broker-dealer Smith Barney, a Citibank subsidiary. [ 12 ] 2008: Popular agrees to sell certain assets of Equity One, the U.S. mainland consumer finance operations of Popular Financial Holdings, to American ...
The Jones–Shafroth Act (Pub. L. 64–368, 39 Stat. 951, enacted March 2, 1917) – also known as the Jones Act of Puerto Rico, Jones Law of Puerto Rico, or as the Puerto Rican Federal Relations Act of 1917 – was an Act of the United States Congress, signed by President Woodrow Wilson on March 2, 1917.
A widespread power outage hit Puerto Rico Wednesday night, leaving more than 340,000 customers without electricity after two of the U.S. territory’s power plants shut down. Luma Energy, which ...