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Doral Financial Corp. (NYSE:DRL) Adamant Over Its Tax Refund Claim From Puerto Rico

Boston, MA 09/23/2014 (wallstreetpr) – Doral Financial Corp. (NYSE:DRL), the second largest mortgage lender reiterated firmly that it owns a $229.9 million tax refund from Puerto Rico government. Back in 2012, both Doral and Puerto Rico came to a consensus that the former is entitled to receive a refund of tax on account of restatement […]

Doral Financial Corp. (NYSE:DRL) Focusing On Restructuring Plans

Boston, MA 09/11/2014 (wallstreetpr) – Doral Financial Corp. (NYSE:DRL) announced the assets sale which will result in proceeds of around $423 million to Doral Bank. DRL is the financial services holding firm of Doral Bank. The assets sale is as per plan of the company under which it will enter into asset sale transaction for […]

Doral Financial Corp. (NYSE:DRL) Receives Favorable Ruling In Quest For $230 Million In Tax Refund

Boston, MA 07/04/2014 (wallstreetpr) – Doral Financial Corp. (NYSE:DRL) is seeking up to $230 million in the tax refund from the government of Puerto Rico. The company recently announced that the appeals court in the island reversed a ruling by a lower court that claimed it lack jurisdiction to decide on the weighty matter. That comes […]

Doral Financial Corp. (NYSE:DRL) Opted To File Papers use this title

Boston, MA 06/19/2014 (wallstreetpr) – Doral Financial Corp. (NYSE:DRL) opted to file papers on June 18, appealing against a decision taken by Puerto Rico’s Court Of First Instance and asked the Honorable Puerto Rico Supreme Court to righteously assume jurisdiction of DRL’s appeal. The Cause Of DRL’s Agony! Matthew McGill, DRL’s counsel and a partner […]

Doral Financial Corp. (NYSE:DRL) Faces Liquidity Crisis

Boston, MA 06/03/2014 (wallstreetpr) – Doral Financial Corp. (NYSE:DRL) is actively involved in retail banking activities in Puerto Rico and the United States and is somehow facing a liquidity crisis. First, because of Puerto Rico’s hiking municipal bond rates and second because the commonwealth recently denied to return the tax overpayments and the interest on it […]