'Long Island needs some serious help'
Long Island will be the site of the seventh and latest Business Outlook when the one-day forum is held at Clarence Town’s Community Centre on November 12.
Bank: Commercial exit 'double edged sword'
Bank of the Bahamas yesterday said its decision to “curtail” its commercial lending activities was a “double-edged sword” for the country, as it would potentially retard private sector and economic growth.
Bank of Bahamas: 'We'll be profitable within 12 months'
Bank of the Bahamas’ managing director yesterday expressed confidence it would return to profitability “within the next 12 months”, revealing that the loan portfolio “clean up” had largely been completed by end-September 2014.
Bank of Bahamas shares to resume BISX trading today
Bank of the Bahamas shares will resume trading on the Bahamas International Securities Exchange (BISX) today, following a temporary one-day suspension to allow for a “material disclosure” on its $100 million ‘bail out’.
Bahamas avoids tax exchange 'disaster'
The Bahamas is “in the best possible position” following last week’s OECD Global Forum, a private sector executive warning yesterday that it would have been “disastrous” not to agree to automatically exchange tax information.
Chamber chief urges 'feasibility plan' over bank rescue
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday called for the Government to produce a “feasibility plan” for the Bank of the Bahamas ‘rescue’, questioning why no other institution had experienced similar problems.
Realtor calls for Eastern Rd. re-zone
Just one week after Kerryann Pearce settled in to her new post as an estate agent with Island Living Real Estate, she came up with an idea likely to generate mixed opinions. Yet she believes it will give one of Nassau’s most established districts, Eastern Road, the boost it deserves and the market it needs.
BFSB lists finalists for top student award
The Bahamas Financial Services Board (BFSB) has announced three finalists for its 2014 Financial Services Student of the Year awards.
BFSB plans briefing on insurance sector
The Bahamas Financial Services Board (BFSB) will later this month host a half-day Insurance Industry briefing that includes a ‘Captives 201’ component.
Bahamas puts local industry 'first' in WTO discussions
The Bahamas is still moving towards completing its World Trade Organisation (WTO) accession by December 2015, a Cabinet minister said yesterday.
BFSB unveils mentor award
The Bahamas Financial Services Board (BFSB) has announed that the fifth Mentor of the Year award has been given to Edward E. Virgil II, acting manager at Commonwealth Bank’s East Bay Street branch
Bank of Bahamas: $69m loss drove insolvency fears
Bank of the Bahamas’ shareholders suffered a $68.747 million net loss for the year to end-June 30, wiping out its retained earnings prior to Friday’s $100 million bail-out.
QC retained over stalled Lucaya deal
An outspoken QC has been retained by the Port Lucaya Marketplace purchaser to determine if the deal needs to be approved by central government, with some elements in the Christie administration preferring a Bahamian buyer.
QC: 'Bahamianisation evil form of discrimination'
An outspoken QC has branded ‘Bahamianisation’ as “an evil form of discrimination” that is long past its sell-by date, suggesting that governments abused it to serve their own interests.
OPINION: Bank of Bahamas investors to enjoy bail-out boost
Let’s not mince words: Everyone in the commercial banking industry knew that Bank of the Bahamas has been in trouble for some time. The only questions were the size of the damage, and how the Government would fill the ‘hole’.
