The number of defaults in 2020 is on pace to exceed that of 2019 with indications there will be more to follow, given 6 group-level defaults YTD compared with 6 in all of 2019, and the high number of ratings at ‘CCC’ or below categories.
Scotiabank Sells US Virgin Island, Puerto Rico Operations to OFG Bancorp Subsidiary Oriental Bank
FG Bancorp (NYSE: OFG) and Scotiabank (NYSE: BNS) have announced the signing of a definitive agreement for OFG’s subsidiary, Oriental Bank, to acquire Scotiabank’s Puerto Rico operation for $550 million USD in cash and Scotiabank’s US Virgin Island (USVI) branch ...
Hilton Expands In The Caribbean With Its First Tapestry Collection Hotel
Hilton (NYSE: HLT) today announced the signing of ROK Hotel, Kingston, Tapestry Collection by Hilton, representing the brand’s debut in the Caribbean. Slated to open in 2020, the 168-room property, owned by PanJam Investment Limited, sits in a multi-purpose complex ...
Peter Altabef to discuss Cybersecurity Moonshot, Cyber War Defense
Unisys Corporation (NYSE: UIS) Chairman and CEO Peter Altabef will participate in a panel discussion on “Technological Transformations and Threats” on April 11 as part of the George W. Bush Presidential Center’s Forum on Leadership, a landmark annual gathering to develop, recognize and celebrate leadership. Altabef will appear ...
A.T. Kearney Says Trinidad & Tobago Belongs In Top Tier Of Global Services Destinations
The global landscape for service delivery, whether Business Process Outsourcing (BPO) or in-house shared services is never static. Global executives in the process of short-listing locations are unwise to simply return to the default choices of a decade ago. Things ...