US govt get $946M from Puerto Rico's Popular bank

Associated Press |

SAN JUAN, Puerto Rico (AP) — The U.S. Treasury Department says the government has received a total of $946 million in repayment from the Puerto Rican bank Popular Inc. as part of a federal bailout program.

The treasury said Wednesday that Popular was the largest bank that remained in the Capital Purchase Program under the Troubled Asset Relief Program.

Officials say the repayment means the government recovered $1.22 billion of principal and interest stemming from an original investment of $935 million in Popular.

The announcement comes as the Treasury Department tries to recuperate the costs of a $700 billion financial bailout following the 2008 financial crisis.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
ITNRF Intelligent Energy Holdings PLC Beckenham 0.16 0.00 0.00 50,000


Emerging Growth

Nano One Materials Corp.

Nano One Materials Corp is a technology company. The Company manufactures storage materials for lithium ion batteries.

Private Markets


D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…