Deals
Puerto Rico's Noble Bank Seeks Sale Amid Crypto Slide
- Firm is said to have lost clients including Bitfinex, Tether
- It might fetch $5 million to $10 million, based on license
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Noble Bank International, the Puerto Rican financial services firm with clients that have included prominent cryptocurrency ventures, is looking for a buyer, according to a person with direct knowledge of the situation.
The bank has lost many of its customers, including Bitfinex and Tether, and is no longer profitable, the person said. The company could sell itself for a price between $5 million and $10 million, based largely on the value of its Puerto Rican license to operate as an international financial entity, the person said, asking not to be identified discussing confidential talks.