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...— In 2022, Fintech Holdings Ltd. acquired a troubled Puerto Rico bank, renaming it Hamilton International Reserve Bank LLC (“HIRB”)....
...On Wall Street overnight, the S&P 500 had its seventh day of gains in a row, finishing the day up 0.1 per cent at a record closing high of 2,537.19....
...Puerto Rico sold the general obligation bonds maturing in 2035 at an 8.72 per cent yield, according to a government statement....
...(Financial Times) Global banks with ties to Puerto Rico are beginning to assess their potential exposure to a possible downgrade or default on the Caribbean island’s $70bn in debt....
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