Showing posts with the label bancopopular puertorico unitedstates banking
Our Economy Puerto Rico bank to cut US branches, jobs Popular Inc, the parent of Banco Popular, said on Wednesday it plans to eliminate more than one-fourth of its 139 US branches and cut its US workforce by 600 to cope with the nation's economic downturn. Puerto Rico's largest bank also posted a third-quarter loss of $668.5 million, or $2.42 per share. For the complete Reuters report, go to