-
Evertec (EVTC), a payments business Popular started 25 years ago, filed a secondary offering with the Securities and Exchange Commission on Monday to sell 20 million shares, including 9 million shares currently held by the $37 billion-asset Popular.
September 10 -
Doral Financial in Puerto Rico is aiming its philanthropic work at women entrepreneurs to improve the fortunes of its community and its own.
August 16
Richard Carri-n will remain the chief executive of Popular (BPOP) in San Juan, Puerto Rico, after an unsuccessful bid at becoming president of the International Olympic Committee.
Bach received 49 of the 93 votes; Carri-n came in second with 29 votes, according to a press release from the committee. There were four other candidates.
Bach replaces Jacques Rogge, who is stepping down after a dozen years as president. Including Bach, the committee has had only nine presidents in its 119-year history.
"My candidacy was an enriching experience, and I am grateful to have had the opportunity to be part of this process," Carri-n said in a press release. "I congratulate Thomas Bach for his election. With this election now behind me, I look forward to continuing our efforts to build on the strengths of our franchise, as well as devoting more time to promoting the economic and social development of the communities we serve."
Carri-n has been a member of the IOC since 1990 and played key roles in boosting its reserves and negotiating global television rights. He announced his candidacy in May.
Had he been elected, Carri-n would have remained chairman of Popular but would have stepped down as its chief executive and president.
Carri-n's candidacy made international headlines last month when he spoke out against Russia's recently enacted laws barring "gay propaganda." Next year's Olympic Winter Games will be held in Sochi, Russia, and there have been concerns for the safety of gay athletes.
"We should use all the avenues possible for
Carri-n went on to say that future host cities should be screened for any kind of discriminatory laws.