October 31, 2014
Prime Minister Perry Christie speaks at the press conference yesterday. He is flanked by, from left, Bank of Bahamas Managing Director Paul McWeeney, Minister of State in the Ministry of Finance Michael Halkitis and Governor of the Central Bank Wendy Craigg. (BIS Photo)
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$100 million rescue plan for ailing BOB
PRIME Minister Perry Christie yesterday announced a plan to help the struggling Bank of the Bahamas by establishing Bahamas Resolve, a new state-owned and controlled company that will assume liability for $100 million of BOB’s non-performing commercial loans.
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