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BRIEF-Popular Reports Adverse Arbitration Award in FDIC Dispute
December 14, 2016 / 10:28 PM / a year ago

BRIEF-Popular Reports Adverse Arbitration Award in FDIC Dispute

Dec 14 (Reuters) - Popular Inc

* Popular Inc -Review board hearing one of claims submitted by Banco Popular De Puerto Rico issued arbitration award

* Popular-Arbitration award in connection with FDIC’s refusal to concur in certain of BPPR’s proposed portfolio sales under commercial loss shared deal

* Popular Inc - Arbitration Award denying BPPR’s request for damages of about $88.5 million plus interest

* Popular Inc - For quarter ended Dec 31, co expects to recognize pre-tax charge of about $115 million related to unreimbursed losses considered in arbitration Source text for Eikon: Further company coverage:

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