Rafael Carrión Sr.
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Rafael Carrión Sr.
Rafael Carrión Sr. (January 3, 1891 – March 26, 1964), the patriarch of one of Puerto Rico's financial dynasties, was one of the founding fathers of Banco Popular de Puerto Rico, the largest bank in Puerto Rico and the largest Hispanic bank in the United States. Early years Carrión (birth name: Rafael Carrión Pacheco) came from a humble family, His father was José Dolores Carrión from the city of Manati and his mother was Francisca Pacheco from the town of Naguabo. His family lived in Santurce where Carrión, who was one of five siblings, was born. The family sustained themselves economically by selling water in containers. In 1896, Carrión's mother died of typhoid fever and the family moved to the City of Caguas."Tradition into the Future: The First Century of the Banco Popular De Puerto Rico 1893-1993"; By: Guillermo A. Baralt; Publisher Banco Popular de Puerto Rico; 1993; pages 66-68; ASIN: B002O9DJBW"Potpourri"; By: Gloria Nadal; Publisher: Bibliograficas; ASIN: B0 ...
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San Juan, Puerto Rico
San Juan (, , ; Spanish for "Saint John") is the capital city and most populous municipality in the Commonwealth of Puerto Rico, an unincorporated territory of the United States. As of the 2020 census, it is the 57th-largest city under the jurisdiction of the United States, with a population of 342,259. San Juan was founded by Spanish colonists in 1521, who called it Ciudad de Puerto Rico ("City of Puerto Rico", Spanish for ''rich port city''). Puerto Rico's capital is the third oldest European-established capital city in the Americas, after Santo Domingo, in the Dominican Republic, founded in 1496, and Panama City, in Panama, founded in 1521, and is the oldest European-established city under United States sovereignty. Several historical buildings are located in San Juan; among the most notable are the city's former defensive forts, Fort San Felipe del Morro and Fort San Cristóbal, and La Fortaleza, the oldest executive mansion in continuous use in the Americas. Today, Sa ...
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Spanish–American War
, partof = the Philippine Revolution, the decolonization of the Americas, and the Cuban War of Independence , image = Collage infobox for Spanish-American War.jpg , image_size = 300px , caption = (clockwise from top left) , date = April 21 – August 13, 1898() , place = , casus = , result = American victory *Treaty of Paris (1898), Treaty of Paris of 1898 *Founding of the First Philippine Republic and beginning of the Philippine–American War * German–Spanish Treaty (1899), Spain sells to Germany the last colonies in the Pacific in 1899 and end of the Spanish Empire in Spanish colonization of the Americas, America and Asia. , territory = Spain relinquishes sovereignty over Cuba; cedes Puerto Rico, Guam and the Philippine Islands to the United States. $20 million paid to Spain by the United States for infrastructure owned by Spain. , combatant1 = United State ...
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Richard Carrión
Richard L. Carrión Rexach (born November 26, 1952) is the executive chairman of Popular, Inc., the parent company of Banco Popular de Puerto Rico and Popular Bank. Prior to assuming his current position in July 2017, he served as chairman and chief executive officer of Popular, Inc. for over 20 years. He is on the board of directors at Verizon Communications and Centro Financiero BHD and the supervisory board of NIBC Holding N.V. Carrión is currently a partner at J.C. Flowers & Co. He served as a director of the Federal Reserve Bank of New York from 2008 to 2015.> Early life Carrión was born and raised in San Juan, Puerto Rico. His grandfather was one of the founders of Popular, Inc. (BPPR). He received a bachelor's degree from the Wharton School of Finance and Commerce in 1974 and an MS in Management Information Systems from the MIT Sloan School of Management in 1976. After the master's degree, Mr. Carrión joined Banco Popular in 1976. After his father's death, Carrià ...
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Chemical Bank
Chemical Bank was a bank with headquarters in New York City from 1824 until 1996. At the end of 1995, Chemical was the third-largest bank in the U.S., with about $182.9 billion in assets and more than 39,000 employees around the world. Beginning in 1920 and accelerating in the 1980s and 1990s, Chemical was a leading consolidator of the U.S. banking industry, acquiring Chase Manhattan Bank, Manufacturers Hanover, Texas Commerce Bank and Corn Exchange Bank among others. After 1968, the bank operated as the primary subsidiary of a bank holding company that was eventually renamed Chemical Banking Corporation. In 1996, Chemical acquired Chase Manhattan Corporation in a merger valued at $10 billion to create the largest financial institution in the United States. Although Chemical was the acquiring company and the nominal survivor, the merged bank adopted the Chase name, which was considered to be better known, particularly internationally. Overview of the company Chemical Bank ...
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Continental Bank Of New York
The Continental Bank and Trust Company of New York was a financial institution based in New York City, New York, United States. It was established in 1870 as the German-American Bank, which became the Continental Bank of New York. Originally in the Equitable Building at 120 Broadway, the bank was later headquartered at 50 Wall Street, 25 Broad Street, and starting in 1932 the Continental Bank Building It became known as the "brokers bank" for its collaboration with Wall Street brokers and investment banking interests. The institution was renamed the Continental Bank and Trust Company of New York around 1929, at which point it was involved in extending its business with acquisitions of commercial banking and fiduciary operations. Acquired banks included the Fidelity Trust Company in 1929, International Trust Company and Straus National Bank and Trust Company in 1931, and Industrial National Bank later that year. In 1947, the bank earned $804,000 in net profits. As of December ...
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Old San Juan
Old San Juan ( es, Viejo San Juan) is a historic district located at the "northwest triangle" of the Isleta de San Juan, islet of San Juan. Its area roughly correlates to the Ballajá, Old San Juan, Ballajá, Catedral, Old San Juan, Catedral, Marina, Mercado, Old San Juan, Mercado, San Cristóbal, Old San Juan, San Cristóbal, and San Francisco, Old San Juan, San Francisco sub-barrios (sub-districts) of barrio San Juan Antiguo in the municipality of San Juan, Puerto Rico. Old San Juan is the oldest settlement within Puerto Rico and the Historic district, historic Spanish colonization of the Americas, colonial district of the city of San Juan. This historic district is a National Historic Landmark, National Historic Landmark District and is listed on the National Register of Historic Places, United States National Register of Historic Places as the Old San Juan Historic District. Several historical buildings and structures, particularly La Fortaleza, the city walls, and Castillo Sa ...
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Korean War
, date = {{Ubl, 25 June 1950 – 27 July 1953 (''de facto'')({{Age in years, months, weeks and days, month1=6, day1=25, year1=1950, month2=7, day2=27, year2=1953), 25 June 1950 – present (''de jure'')({{Age in years, months, weeks and days, month1=6, day1=25, year1=1950) , place = Korean Peninsula, Yellow Sea, Sea of Japan, Korea Strait, China–North Korea border , territory = Korean Demilitarized Zone established * North Korea gains the city of Kaesong, but loses a net total of {{Convert, 1506, sqmi, km2, abbr=on, order=flip, including the city of Sokcho, to South Korea. , result = Inconclusive , combatant1 = {{Flag, First Republic of Korea, name=South Korea, 1949, size=23px , combatant1a = {{Plainlist , * {{Flagicon, United Nations, size=23px United Nations Command, United Nations{{Refn , name = nbUNforces , group = lower-alpha , On 9 July 1951 troop constituents were: US: 70.4%, ROK: 23.3% other UNC: 6.3%{{Cite ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ...
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Art Deco Banco Popular
Art is a diverse range of human activity, and resulting product, that involves creative or imaginative talent expressive of technical proficiency, beauty, emotional power, or conceptual ideas. There is no generally agreed definition of what constitutes art, and its interpretation has varied greatly throughout history and across cultures. In the Western tradition, the three classical branches of visual art are painting, sculpture, and architecture. Theatre, dance, and other performing arts, as well as literature, music, film and other media such as interactive media, are included in a broader definition of the arts. Until the 17th century, ''art'' referred to any skill or mastery and was not differentiated from crafts or sciences. In modern usage after the 17th century, where aesthetic considerations are paramount, the fine arts are separated and distinguished from acquired skills in general, such as the decorative or applied arts. The nature of art and relat ...
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Currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curren ...
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