Given that Banco Popular’s Texas Ratio was already well over the 100% threshold in March, it is clear that when more current data are made available, and future data on non-performing loans roll in, Banco Popular will probably be under water.
from Forbes Real Time https://www.forbes.com/sites/stevehanke/2017/12/23/puerto-ricos-largest-bank-is-probably-under-water-more-bad-news/
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