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Stock Market & Financial Investment News

News Breaks
June 10, 2014
10:00 EDTDRLDoral Financial rises 14.7%
Doral Financial is up 14.7%, or 60c, to $4.67
News For DRL From The Last 14 Days
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August 26, 2014
08:07 EDTDRLDoral Financial, Treasury Department unable to reach definitive settlement
Doral Financial disclosed in a regulatory filing that the company and the Treasury Department have been unable to reach a definitive settlement agreement. On August 25, the parties ceased the settlement negotiations. The Court of First Instance has scheduled the trial for September 16, 17 and 18, Doral added.
August 25, 2014
09:22 EDTDRLDoral Financial extends negotiations with Treasury Department
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August 22, 2014
11:24 EDTDRLDoral Financial legal counsel issues statement regarding Hacienda negotiations
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August 15, 2014
08:49 EDTDRLDoral Financial discloses receipt of SEC subpoena
Doral Financial disclosed in a regulatory filing that the company received a subpoena, dated August 1, from the Securities and Exchange Commission informing that the SEC is investigating certain matters related to the company’s filings with the SEC. Among other matters, the SEC has requested information relating to the company’s determination regarding the inclusion of certain tax receivables from the Government of Puerto Rico as Tier 1 capital, the company’s allowance for loan and lease losses for the quarter ended September 30, 2013, and Doral Bank’s compliance with its Consent Order with the FDIC and the Office of the Commissioner of Financial Institutions of Puerto Rico dated August 8, 2012. "The scope of the subpoena appears to cover at least one matter related to the company’s lawsuit with the Puerto Rico Department of Treasury and not to the company’s SEC filings. The company is fully cooperating with the SEC’s investigation," Doral stated.

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