November 25, 2015

Bloomberg: Popular’s Carrion to Testify at Senate Hearing on Puerto Rico

By Martin Z. Braun

Ricard L. Carrion, the chairman and chief executive officer of Popular Inc., will testify at a U.S. Senate Judiciary Committee meeting on Dec. 1, concerning Puerto Rico’s fiscal crisis, bank spokeswoman Teruca Rullan said.

Pedro Pierluisi, the commonwealth’s nonvoting member of Congress, said the hearing will examine Puerto Rico’s fiscal and economic condition “from the point of view of market players.”

Alex Pollock, a fellow at the American Enterprise Institute in Washington, said he’ll speak in favor of an emergency control board.

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