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Major Bahamas investor defeats 'nuclear weapon'

A Supreme Court judge has rejected a Nassau hotel owner's bid to deploy a "nuclear weapon" against a prominent Bahamian investment house and resort/real estate developer.

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Donald Sterling is banned for life by the N.B.A.

NEW YORK (AP) — Issuing about the strongest rebuke that he could, NBA Commissioner Adam Silver banned Los Angeles Clippers owner Donald Sterling for life on Tuesday for making racist comments in a recorded conversation, the first step toward forcing a sale of the club and permanently removing Sterling from the league.

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Sterling Global adds to executive team

Sterling Global Financial has expanded its executive team by hiring resort industry veteran, Bill Green, to head up a newly-launched subsidiary.Mr Green, former senior vice-president of Intrawest, a luxury resort and adventure development company, wi

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Sterling names Bahamian to head local IT operations

Sterling Global Financial, the $10bn asset manager, has appointed Timothy Maura to head corporate information technology (IT) for its Bahamas operations. “We are very pleased to announce the appointment of Timothy Maura, a specialist who brings with

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Sterling names wealth management unit head

A Bahamas-based financial services provider with $9bn in assets under management has named Patrick Milot-Daignault as head of its wealth management unit.

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Sterling lauds Forbes for rating Bahamas #1

STERLING Global Financial, a broad-based real estate and international financial services provider with US$9 billion in assets under administration and management, has today applauded Forbes magazine for ranking The Bahamas as the world’s number one choice for real estate investment.

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High office, retail demand for $250m PI development

The developer behind Hurricane Hole’s $250m revival has fully leased all the office space in phase one of its project together with 80 percent of the retail units, it has revealed. Sterling Global Financial said the Paradise Island-based development

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Bahamas institution names Cayman head

Sterling Global Financial, the Bahamian financial institution, has named Cory Macculloch as its managing director of its Cayman Islands operation.Mr Macculloch, pictured, will manage Sterling’s fiduciary business, and look to strategically expand its

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Sterling reassures investors over its Bahamas projects

Sterling Global Financial yesterday said it had reassured its 1,500-plus investors that all the group’s Bahamas-based properties and investments came through Hurricane Irma unscathed.“We realised that as soon as the hurricane began bearing down on th

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Sterling names environmental overseer for $500m in projects

Sterling Global Financial has named an environmental and operations project manager to help oversee more than $500m in resort and residential developments presently underway in The Bahamas.

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Sterling Global appoints investor relations chief

Sterling Global Financial, the Bahamian headquartered financial provider, has named Karyn Phuong as its vice-president for investor relations.Ms Phuong will manage Sterling’s corporate communications strategy, and be a key member of the executive tea

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Sterling names senior analyst

Sterling Global has named Aniska Rolle to the post of senior analyst at the financial services business with nearly $10bn under administration or management.“Aniska brings a wealth of knowledge and experience in banking and finance, having worked wit

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Sterling Financial acquires New Providence-based project

The Nassau-based Sterling Financial Group has launched its New Providence Opportunity Fund, while also acquiring the Ocean Terrace real estate development in the western part of the island.

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Sterling meets Gov't on hurricane hole project

Sterling Global Financial’s executives met with the Ministry of Works to review plans for their $250m redevelopment of Paradise Island’s Hurricane Hole property.Desmond Bannister, minister of works, and Melanie Roach, director of public work, reviewe

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Sterling expands its executive team

Sterling Global Financial, the Bahamian-headquartered financial services provider with more than $9 billion in assets under administration and management, has expanded its executive team.

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Financial provider eyes private bank for next purchase

A Bahamas-based financial services provider yesterday said its next target is adding a private bank to its growing family, following the successful completion of two Cayman acquisitions.

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Sterling names ex-minister to head new advisory unit

DAVID Kosoy’s Sterling Global Financial has named a former Cabinet minister to head its newly-created advisory arm. The real estate development financier has appointed Khaalis Rolle, ex-minister of state for investments, to lead Sterling Global Advis

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Hurricane Hole development to help mega yacht ambitions

The Prime Minister has praised the $250m Hurricane Hole development for helping The Bahamas realise its potential as "the number one mega yacht destination in the world".

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Stellar chief makes $2m injunction bid

Stellar Waste’s principal is seeking a Supreme Court Order to prevent David Kosoy’s Sterling Asset Management from selling a West Bay Street real estate project, as he bids to recover his alleged $2.019 million investment.

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Bahamian bank sued on $8.7m ‘total loss’

Investors are suing a Bahamian bank and trust company over the “total loss” of their collective $8.7 million investment, while also alleging that it misled the Securities Commission.

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