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Name | Symbol | Market | Type |
---|---|---|---|
Barclays PLC | NYSE:BCS | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.08 | -0.78% | 10.17 | 10.295 | 10.155 | 10.19 | 21,807,125 | 01:00:00 |
By Josh Beckerman
Doral Financial Corp. (DRL) said a subsidiary of its Doral Bank unit sold about $429.3 million of mortgage pass-through certificates to Barclays PLC (BCS, BARC.LN).
Doral Financial said the latest transaction is part of an asset-sale process that will "help Doral continue to progress by de-risking the bank, preserving capital and increasing liquidity."
The sale resulted in proceeds of about $423 million to Doral Bank.
Doral shares fell sharply in August when the company said settlement discussions with Puerto Rico's Department of the Treasury concerning disputed tax credits ended.
In late trading Tuesday, Doral shares were up 15% to $7.15.
Write to Josh Beckerman at josh.beckerman@wsj.com
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