EDITOR, The Tribune.
Please publish this open letter to:
The Minister of Finance,
The Minister for Economic Development,
Nassau, Bahamas.
Gentlemen:
Royal Bank of Canada, Scotiabank and FirstCaribbean Bank are all presently down-sizing.
Bank of the Bahamas is getting adverse reports in the press.
Two Swiss offshore banks are in the process of closing some of their local operations.
I should be obliged to learn why all of these happenings are taking place at this time!
Your assistance in explaining this to me will be greatly appreciated.
NERVOUS IN NASSAU - EXTREMELY NERVOUS
Nassau,
April, 2014.
Comments
banker 10 years ago
Simple -- it simply is not as profitable as it used to be in the Bahamas, so now it is time to pack up the tents, smoke the Camels, ditch the grunts and catch the next plane out of here.
B_I_D___ 10 years ago
They are trying to destroy the country simultaneously from every angle. Crime is out of control and that Tourism goose is about to get hung out to dry. We will crank up the taxes and business licenses and operating costs of our next major sector...banking...so much so that they go away as well. Won't be long now before we are left with a couple abandoned 1,000+ room hotels and mega resorts, a defunct government run bank, and a few hole in the wall type retail stores to cater to all the gun slinging gang/drug lords.
Sign in to comment
Or login with:
OpenID