The flag of Puerto Rico flies outside the Capitol building in San Juan, Puerto Rico May 4, 2017. REUTERS/ Alvin Baez
The ruling boosts a potential effort by the board to recover billions of dollars in payments made to bondholders should a federal court hearing Puerto Rico’s bankruptcy cases choose to invalidate disputed debt issued by the government and its agencies. The Bank of New York Mellon, Bank of America Corp, JP Morgan Chase Bank, and U.S. Bank objected to the board’s request last week, citing concerns over disclosing confidential customer information, as well as the cost and ability to produce a large amount of information by the April 19 deadline set by the board.
It was unclear whether the banks will appeal. Attorneys for the banks either declined to comment or could not immediately be reached.
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Exclusive: New York Fed cracks down on Puerto Rico banks following Venezuela sanctionsEXCLUSIVE: Venezuela sanctions have led the New York Fed to crack down on Puerto Rico's offshore banks, preventing them from opening accounts with the Fed. Several of those banks are owned by Venezuelan citizens Hell yes let’s exacerbate the crisis in the global south to the best of our abilities Federal reserve. The biggest con ever. END THE FED!
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Creditor group seeks to wrest probing power from Puerto Rico boardA group of public labor unions and other creditors on Wednesday asked a judge to... 🍂🍂 📰¦ The harvest of Isl;amic state news in Khurasan Wil;ayah on 12 Sha'ban 1440H 🍁 MCITOT 🍁 COYS 🍁
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‘Stop the bull’: Feud erupts between Rick Scott and Chuck Schumer over Puerto Rico“The truth is, you’re more than happy to give Puerto Rico nothing if it helps prolong a political fight with Trump,' Rick Scott tweeted about Chuck Schumer “This is a great example of why people hate politicians” says Rick Scott, a living breathing case study for why people hate politicians. Senator is Trump's loyal dog, and Congressman is a wise man. Of course they are different. The Puerto Rican Government can influence the Spanish Government. ScottforFlorida hates all living organisms
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Rick Scott and Chuck Schumer feud over Puerto RicoRick Scott is feuding with Chuck Schumer in increasingly personal terms over Puerto Rico Scott is dependent on the PR vote in FL. Campaigned hard for that vote, speaks fluent Spanish. The vote should have gone to Nelson, but he sat on his ass. Voldemort says what? Rick Scott oversaw the largest Medicare fraud in history and made an enormous amount of money scamming the government. Republicans put him in charge of Florida for 8 years & now installed him in the Senate. But 'the two parties are the same!' amirite?
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After Pollution Crisis, Puerto Rico To Eliminate All Coal Power Next YearPuerto Rico has announced that it will end coal-based power generation next year, with Governor Ricardo Rosselló highlighting a rapid transition to renewable energy. This announcement comes shortly after the Puerto Rico Energy Public Policy Act (PS 1121) was approved by the territory's Senate. Solar and Wind power generation it is💪, with no tax on it... is that why they're being targeted and harassed by the trump administration? This poor American state completely neglected by this current President since their natural disaster hit😡😢😢😢
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Puerto Rico disaster relief remains in limbo as Congress' recess startsPuerto Rico will have to wait until May for Congress to resume discussions over disaster relief funding, deepening a growing uncertainty over hurricane recovery efforts. They may have to wait until after 2020. They’re too busy trying to figure out if 9-11 was bad for the US or not Puerto Rico has already gotten more in storm relief than Texas and Florida combined.
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Infighting stalls disaster aid for Puerto Rico, SoutheastWASHINGTON (AP) — Six months after hurricanes devastated the Southeast, Washington infighting has shelved a widely backed disaster aid package that President Donald Trump's allies in Florida and Georgia are desperately seeking.
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Creditor group seeks to wrest probing power from Puerto Rico boardA group of public labor unions and other creditors on Wednesday asked a judge to... 🍂🍂 📰¦ The harvest of Isl;amic state news in Khurasan Wil;ayah on 12 Sha'ban 1440H 🍁 MCITOT 🍁 COYS 🍁
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