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Puerto Rico

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Puerto Rico Has Filed for the Biggest-Ever U.S. Local Government Bankruptcy

04/05/2017(0)
Puerto Rico announced a historic restructuring of its public debt on Wednesday, touching off what may be the biggest bankruptcy ever in the $3.8 trillion U.S. municipal bond market. ... Read More
Puerto-Riko

Bondholders filed to sue Puerto Rico

02/05/2017(0)
Bondholders filed to sue Puerto Rico Tuesday in the first legal challenge that hit the U.S. territory after a freeze on litigation that protected it from lawsuits expired amid ... Read More
puerto rico

U.S. court orders UBS to pay $4.7 mln in Puerto Rico divorce flap

05/04/2016(0)
A UBS AG unit must pay more than $4.7 million to a customer’s former spouse who alleged that the firm improperly released accounts worth $12 million to her ex-husband ... Read More
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PayPal to Close its Operations in Puerto Rico amidst Government Capital Control

09/09/2015(1)
Puerto Rico has recently used legislation to force capital controls. The country has imposed a 2% fee on any money transmission, forcing Paypal’s to pull out of the country. Following an ... Read More
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UBS Unit to Pay More Than $2.9 Million to Investors in Puerto Rico

02/09/2015(0)
Bank’s wealth-management unit ordered to pay two investors for losses tied to island’s municipal bonds UBS AG’s wealth-management unit was ordered to pay more than $2.9 million to two ... Read More
puerto rico

Puerto Rico investors sue UBS for $4.5 million

02/01/2015(0)
Claim says UBS mismanaged a trust to keep money invested in closed-end bond funds A lawsuit brought by the purported beneficiaries of a trust is seeking more than $4.5 ... Read More
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Puerto Rico woos rich with hefty tax breaks

23/04/2014(0)
John Paulson is expected to expand his investment in Puerto Rico to $1 billion by the end of next year, as the hedge fund titan leads a growing brigade ... Read More
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