Browsing Tag

Puerto Rico

Big Spanish companies will increase their investment in Latin America

Feb 19, 2020

About 65% of large Spanish companies will increase their investment in Latin America during 2020, according to the XIII Report on Spanish Investment in Latin America from IE Business School in collaboration with Llorente, Cuenca and Iberia. The report that analyzes the opinions of 87 companies, of…

Santander Group sold Puerto Rico subsidiary to FirstBank

Kendy Villarroel Oct 24, 2019

Banco Santander has reached an agreement to sell its retail banking subsidiary in Puerto Rico to FirstBank for 1,100 million dollars, almost 1,000 million euros. The sale includes the 27 branches of the bank and some assets worth 6,200…

Financial security

Medici Bank enters the cryptographic ecosystem

Legna del Valle Sáenz May 10, 2019

Lorenzo de Medici, a descendant of the famous Italian banking family of the Renaissance period, the House of the Medici, opened a bank in Puerto Rico called the Medici Bank. The original Medici Bank was a financial institution created by…