Danica Coto

January 24, 2018 | Daily Business Review

Aylsa Torres sighed in relief when she received a letter from her bank two weeks after Hurricane Maria hit. She was among the hundreds of thousands…

By Danica Coto, Associated Press

5 minute read

August 08, 2017 | Daily Business Review

Puerto Rico was hit with two lawsuits that for the first time challenge the constitutionality of a federal control board overseeing the island's finances and its power to start a bankruptcy-like court process for some of the U.S. territory's more than $70 billion public debt.

By Danica Coto

5 minute read

August 05, 2017 | Daily Business Review

A federal control board overseeing the finances of Puerto Rico's government said Wednesday that it will investigate the causes of the island's economic crisis as well as examine how its debt was issued and probe disclosure and selling practices.

By Danica Coto

4 minute read

March 23, 2017 | Daily Business Review

The sole tentative debt restructuring deal that Puerto Rico reached after two years of negotiations is in jeopardy after federal control board officials said they would support the U.S. territory's push to amend the agreement.

By Danica Coto

5 minute read

March 09, 2017 | Daily Business Review

A federal control board warned that Puerto Rico's government needs to take "major emergency actions" to avoid shutting down because its cash flow is critically low.

By Danica Coto

6 minute read

February 22, 2017 | Daily Business Review

The newly appointed head of a federal control board that oversees Puerto Rico's finances warned that the U.S. territory will be hit with painful austerity measures in upcoming months.

By Danica Coto

6 minute read

December 21, 2016 | Daily Business Review

A federal control board overseeing Puerto Rico's finances gave the governor a list of proposed measures to turn around the U.S. territory's economy, including downsizing the government, privatizing ports and charging tourists more for certain services.

By Danica Coto, Associated Press

6 minute read

November 04, 2016 | Daily Business Review

A passionate advocate for making Puerto Rico the 51st U.S. state appears poised to become the next governor of the territory, giving a boost to a movement that has been gaining momentum amid the island's economic woes.

By Danica Coto, Associated Press

8 minute read

September 28, 2016 | Daily Business Review

Three men who spent more than 20 years in prison for murder were freed in a historic ruling after new tests found none of their DNA on evidence in a case that captivated the U.S. territory.

By Danica Coto, Associated Press

6 minute read

July 21, 2016 | Daily Business Review

Hedge funds representing a group of Puerto Rico bondholders sued the U.S. territory, saying it violated the terms of a rescue package recently approved by Congress to help pull the island's government out of a dire economic crisis.

By Danica Coto, Associated Press

4 minute read