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• Fitch Downgrades Popular, Inc.'s Long-term IDR to 'BBB'; Outlook Negative

  - 2009-01-22

  NEW YORK -- Fitch Ratings has downgraded the following ratings of Popular, Inc. Popular: -- Long-term Issuer Default Rating IDR to 'BBB' from 'A-'; -- Senior unsecured to 'BBB' from 'A-'; -- Preferred stock to 'BB+' from 'BBB+'; -- Individual to 'C' from 'B/C'. Popular's...

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• Popular completes sale.(PUERTO RICO)

  - 2008-12-01

  POPULAR COMPLETES SALE. Popular, Inc. on Nov. 3 said it has completed the sale of the loan and servicing assets of its US mortgage subsidiary Popular Financial Holdings, Inc. to various Goldman Sachs affiliates. The sale would result in a reduction of about US$900 million in...

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• E-Loan exiting out of loan business

  - 2008-10-23

  Pleasanton-based E-Loan, a pioneer in the world of online lending, will stop issuing new loans sometime in the next few weeks. The news was announced when the online lending firm's Puerto Rico- based parent company, Popular Inc., released disappointing third- quarter earnings Wednesday. Popular reported a $668.5 million...

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• Popular Inc. sells U.S. loan portfolio.(PUERTO RICO)

  - 2008-04-01

  Popular, Inc. on March 4 announced the completion of the previously announced sale by its Equity One subsidiary of a significant portion of its U.S. consumer-finance loan portfolio to American General Finance, Inc. for about US$1.48 billion. "The closing of the transaction allows us to move...

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• Popular sells US finance operations.(PUERTO RICO)

  - 2008-03-01

  Popular, Inc. on Jan. 23 announced the signing of an Asset Purchase Agreement to sell certain assets of Equity One, the US mainland consumer finance operations of Popular Financial Holdings, to American General Finance, Inc., a member of American International Group. The Agreement contemplates the sale...

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• Bank reports loss for 2007.(PUERTO RICO)(Financial report)

  - 2008-02-01

  Popular Inc., the parent of Banco Popular, Puerto Rico's largest bank, said it expected to report a net loss for the year, reports Reuters (Dec. 22, 2007). The company said it would have to reclassify 21 mortgage loans held in securitization trusts that do not qualify...

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• Fitch Affirms & Removes Popular, Inc. from Rating Watch Negative

  - 2008-01-23

  NEW YORK -- Fitch Ratings has affirmed the long-term Issuer Default Rating IDR of 'A-' for Popular, Inc. Popular and removed it from Rating Watch Negative. This action follows the sale of a large part of Equity One's loan portfolio to American General Finance, Inc. AGF. Popular will receive approximately...

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• E-Loan announces layoffs

  - 2007-11-13

  The mortgage morass has engulfed E-Loan, an online loan firm that said Monday it intends to chop more than 400 jobs from its Pleasanton headquarters as part of a wrenching and broad restructuring. Employees were notified at the end of last week they would be dismissed. E-Loan,...

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• Fitch Downgrades S-T IDR of Popular, Inc. to 'F2'; L-T IDR on Watch Negative

  - 2007-10-04

  NEW YORK -- Fitch Ratings has downgraded the short-term Issuer Default Rating IDR of Popular, Inc. Popular to 'F2' from 'F1' and placed Popular's long-term IDR of 'A-' on Rating Watch Negative. Fitch has also placed the short-term and long-term IDRs of Banco Popular de Puerto Rico, Popular's major banking...

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• Popular, Smith Barney deal.(PUERTO RICO)

  - 2007-10-01

  Popular, Inc., the leading financial institution here, on Aug. 30 announced it will acquire the operations of broker-dealer Smith Barney in Puerto Rico. Smith Barney, a division of Citigroup Global Markets Inc., is a provider of financial planning and advisory services to high net worth investors,...

  Tags: Popular Inc., Salomon Smith Barney