FDIC says Doral Bank closed, Banco Popular takes over
WASHINGTON Feb 27 (Reuters) - The U.S. Federal Deposit Insurance Corporation said on Friday Puerto Rico-based bank Doral Financial Corp was closed, and its business taken over by Banco Popular de Puerto Rico.
Doral shares earlier on Friday fell 46.3 percent and then were halted, after the FDIC inadvertently sent out the news release during trading hours, and then recalled it. (Reporting by Douwe Miedema)
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