DRL News 8.36 08/26/2014 04:55:31 Doral Financial Corp (DRL)

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Doral Financial Corp (DRL) 8.36 $DRL

Statement by Dr. Robert Shapiro Regarding Recent Developments in the Negotiations Between Doral and Puerto Rico
PR Newswire - Mon Aug 25, 11:37AM CDT
In response to recent developments in negotiations between Doral Financial Corporation and the Treasury Department of Puerto Rico, the noted economist Dr. Robert Shapiro, an advisor to Doral, had this to say:

Thrifts and Mortgage Finance Stocks under Review - New York Community Bancorp, Hudson City Bancorp, People's United Financial, Doral Financial, and Northwest Bancshares
PR Newswire - Mon Aug 25, 8:00AM CDT
On Friday, August 22, 2014, the NASDAQ Composite ended at 4,538.55, up 0.14%, the Dow Jones Industrial Average edged 0.22% lower to finish the day at 17,001.22, and the S&P 500 closed at 1,988.40, down 0.20%. The losses were broad based as seven out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 310.83, down 0.35%, whereas the index has advanced 4.91% in the previous three months. Investor-Edge has initiated coverage on the following equities: New York Community Bancorp Inc. (NYSE: NYCB), Hudson City Bancorp Inc. (NASDAQ: HCBK), People's United Financial Inc. (NASDAQ: PBCT), Doral Financial Corporation (NYSE: DRL), and Northwest Bancshares Inc. (NASDAQ: NWBI). Free research on these five companies can be accessed at:

Puerto Rico Department of Justice and Treasury Issue Joint Statement
PR Newswire - Fri Aug 22, 1:49PM CDT
The Puerto Rico Department of Justice and Department of the Treasury issued the following statement today reiterating their efforts to reach a settlement with Doral Financial Corporation and clarifying Doral's latest statements:

New Statement from Doral Legal Counsel Matthew D. McGill Regarding Doral Negotiations with Hacienda
PR Newswire - Fri Aug 22, 10:20AM CDT
In response to recent developments in the negotiations between Doral Financial Corporation and the Puerto Rico Treasury Department, Matthew D. McGill of Gibson, Dunn and Crutcher issued the following statement:

NYSE stocks posting largest percentage increases
AP - Thu Aug 21, 5:08PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:

4 Stocks Under $10 Moving Higher
at The Street - Wed Aug 06, 7:01AM CDT
When a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.

The Securities Arbitration Law Firm of Klayman & Toskes and Carlo Law Offices File $700,000 Claim Against UBS Financial Services Incorporated of Puerto Rico As It Investigates Claims for Over-Concentration In Puerto Rico Bank Stocks
Business Wire - Mon Aug 04, 6:06PM CDT
The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.perdidasenbonospr.com; www.sueubspuertorico.com, together with Carlo Law Offices, P.S.C. located in Puerto Rico, announced today that they filed a claim against UBS Financial Services Incorporated of Puerto Rico and UBS Financial Services, Inc. (NYSE: UBS) (collectively "UBS" . According to the Claim, the Claimant, a business owner in Puerto Rico, entrusted assets with UBS with the objective of current income and capital appreciation. However, UBS ended up concentrating his whole account in preferred and common stock closely tied to the performance of Puerto Rico's economy, including First Bancorp Puerto Rico (NYSE: FBP), Doral Financial Corp. (NYSE: DRL), and W. Holding Co. (Westernbank) (OTC: WHCI). By 2009, just as Claimant was in the midst of diversifying his career to endure a failing economy, UBS failed to diversify his portfolio.

Downtrend Call Working As Doral Financial Stock Falls 13.2% (DRL)
Comtex SmarTrend(R) - Fri Aug 01, 9:26AM CDT
SmarTrend identified a Downtrend for Doral Financial (NYSE RL) on July 9th, 2014 at $5.86. In approximately 3 weeks, Doral Financial has returned 13.24% as of today's recent price of $5.08.

5 Stocks Ready for Breakouts
at The Street - Mon Jul 28, 8:16AM CDT
These stocks look poised to break out and trade higher from current levels.

Financial Companies Report New Appointments, Divesture Transactions, Strategic Agreements, and Application Launches - Research Reports on Deutsche Bank, Doral Financial, MBIA, Leju and ITG
PR Newswire - Mon Jul 28, 7:30AM CDT
Today, Analysts Review released its research reports regarding Deutsche Bank AG (NYSE: DB), Doral Financial Corporation (NYSE: DRL), MBIA Inc. (NYSE: MBI), Leju Holdings Limited (NYSE: LEJU) and Investment Technology Group Inc. (NYSE: ITG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5161-100free.

Government of Puerto Rico Tries to Delay Trial Schedule with Doral Financial Corporation
PR Newswire - Thu Jul 24, 3:43PM CDT
Today, the Government of Puerto Rico continued its delay tactics to escape the burden of proving fraud or malfeasance in the case of Doral vs. Hacienda. The Hacienda motioned to delay the trial schedule in response the Puerto Rico Supreme Court's ruling that the trial with Doral must happen on an expedited basis.

Puerto Rico Government opposes Doral Financial Corp's request for Declaratory Judgment and is committed to vigorously defend interests of the People of Puerto Rico
PR Newswire - Thu Jul 24, 7:00AM CDT
The Secretary of Justice of Puerto Rico, César R. Miranda, announced today that counsel for the Department of Justice (DOJ) and legal representatives of the Department of the Treasury (Treasury) filed two documents denying Doral Financial Corporation's allegations of tax overpayments and its right to a refund of over $229 million.

Why Doral Financial (DRL) Stock Is Soaring Today
at The Street - Wed Jul 23, 10:32AM CDT
Doral Financial (DRL) soared Wednesday after the Supreme Court in Puerto Rico revoked a Court of Appeals ruling.

Doral Financial Corporation Commends Supreme Court for Ruling that the PR Court of First Instance Must Expedite the Case Doral Brought Against Government
PR Newswire - Tue Jul 22, 6:48PM CDT
Responding to a ruling by the Supreme Court of Puerto Rico ordering the Court of First Instance to expedite an evidentiary hearing in Doral's case against the Hacienda, Counsel for Doral Financial Corporation, Matthew D. McGill of Gibson, Dunn & Crutcher, issued the following statement:

Doral Financial Corporation Successfully Signs Asset Transaction
Marketwire - Mon Jul 14, 2:31PM CDT
Doral Financial Corporation (NYSE: DRL) ("Doral", "Doral Financial" or the "Company" , a financial services company and holding company of Doral Bank, with operations in Puerto Rico and the U.S., announced today the sale of a significant amount of its non-performing assets for $369 million, a move that will allow the Company to improve its financial position -- by reducing risk and improving its liquidity -- and move forward with the rest of its restructuring plan.
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