Content area
Full Text
San Juan, Puerto Rico-based Doral Financial Corp., the parent company of Doral Bank, on Sept. 11 entered into a written agreement with the Federal Reserve Bank of New York.
Doral Financial was given 60 days to submit a written plan to maintain sufficient capital at the company on a consolidated basis. According to the filing, examiners have identified deficiencies at Doral Financial relating to credit risk management and credit administration practices.
The agreement restricts Doral Financial from...