Popular Loses $297M in 4Q

Popular Inc. posted a steep loss in the fourth quarter as the bank incurred a number of charges to dispose of risky debt, the company said Thursday.

Popular lost $297.1 million, or $1.06 per share, in the fourth quarter, compared with a profit of $56.7 million, or 20 cents per share, in the fourth quarter of 2006.”*

*From: http://www.forbes.com
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