Finance

BISX January to December 2017 Statistical Report
BISX January to December 2017 Statistical Report

February 05, 2018

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve-month period ending December 29, 2017 with comparison to the same period of 2016...

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Credit bureaus regarded as essential elements of a country's financial infrastructure

February 01, 2018

Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest said credit bureaus are generally regarded as essential elements of a country’s financial infrastructure, supportive of the overall objective of stability and economic growth...

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Emera Incorporated BDRs Trading Notice
Emera Incorporated BDRs Trading Notice

January 30, 2018

The Bahamas International Securities Exchange Limited (BISX) wishes to notify the public that the Bahamas Depository Receipts (BDRs) of the following company have been admitted....

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'Adapt as banks shut their doors'
'Adapt as banks shut their doors'

January 25, 2018

WHILE the government is "concerned" by the latest consolidation announcement from the Royal Bank of Canada, Deputy Prime Minister Peter Turnquest suggested these situations are inevitable with the constant evolution of technology, which requires less "brick and mortar locations and bodies"...

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Integrated Financial Management Information Systems (IFMIS) (IFMIS) Strategy Workshop

January 23, 2018

Public Financial Management Reform Coordinator Cedric Collie, led an information gathering session with Senior Financial Officers this week in preparation for the overhaul of national financial systems. Reform is needed as current practices are inefficient, slow and frequently...

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CIBC FirstCaribbean Suspends Banking Service on South Caicos
CIBC FirstCaribbean Suspends Banking Service on South Caicos

January 18, 2018

CIBC FirstCaribbean wishes to advise its clients on South Caicos that weekly visits by the bank’s staff to provide banking services through its agency there will be suspended with immediate effect...

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Cayman Finance announces new Chairman

January 12, 2018

At its recent annual members’ meeting, Cayman Finance proudly announced that its new elected Chairman would be former Managing Director and Senior Executive Vice President of International Banking at Butterfield Group, Conor O’Dea...

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BISX Lists The Gap Private Fund Ltd.
BISX Lists The Gap Private Fund Ltd.

January 09, 2018

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Gap Private Fund Ltd. (the Fund) has successfully completed the BISX Mutual Fund Listing Process. As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange...

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Commonwealth Bank to Pay Extraordinary Dividend, Shareholders Receive Increased Percentage of Net Revenue

December 29, 2017

Commonwealth Bank’s 6,000-plus shareholders received some extra Christmas cheer this year as the Bank declared and paid an extra-ordinary dividend of 2 cents per share on December 22nd to shareholders of record of the same date. The extraordinary dividend pay-out comes less than two months after a stock split in October this year, which resulted in a sharp increase in the traded value of the shares to over $4.90 from the $3.83 at the time of the split. Executive Chairman William B Sands Jr. noted that......

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CIBC FirstCaribbean announces the appointment of a Chief Operating Officer
CIBC FirstCaribbean announces the appointment of a Chief Operating Officer

December 27, 2017

CIBC FirstCaribbean has announced the appointment of Colette Delaney to the role of Chief Operating Officer. As COO, Ms. Delaney assumes responsibility for the performance of the bank’s functional regional business lines – Retail & Business Banking, Cards & Customer...

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CIBC FirstCaribbean Donates 15,000 To TCI National Cancer Society Through Walk For The Cure Campaign
CIBC FirstCaribbean Donates $15,000 To TCI National Cancer Society Through Walk For The Cure Campaign

December 21, 2017

The National Cancer Society of the Turks & Caicos Islands (TCI) recently got a major financial boost to aid in its life-saving work. The society was presented with a cheque for $15,000, this year’s proceeds from the annual Walk...

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Rules changes on foreign money in Bahamian bank accounts
Rules changes on foreign money in Bahamian bank accounts

December 21, 2017

PRIME Minister Dr Hubert Minnis yesterday announced the relaxation of exchange controls on capital and current trade account transactions allowing Bahamian owned businesses to maintain operating deposit accounts up to $100,000 in foreign currency at domestic commercial banks...

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FirstCaribbean Feature Client-Controlled Credit Card Safety on on their Mobile Banking App
FirstCaribbean Feature Client-Controlled Credit Card Safety on on their Mobile Banking App

December 19, 2017

CIBC FirstCaribbean has put the power to monitor their debit and credit card accounts for fraud in the hands of its clients by introducing client-controlled anti-fraud tools, such as a geo-location service, transaction controls...

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Statement from First Caribbean Bank
Statement from First Caribbean Bank

December 13, 2017

FirstCaribbean International Bank Limited is exploring a potential stock market listing of some of its shares in the U.S., the world’s deepest capital market. No decisions have been made. However, a listing on the NYSE would provide CIBC FirstCaribbean with access to a larger investor base...

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Cayman Finance CEO Jude Scott participates in Bloomberg/Hedge Fund Association's 2017 Global Regulatory Briefing

December 12, 2017

Jude Scott, CEO of Cayman Finance, spoke as a panelist on Wednesday, November 1, at the Hedge Fund Association’s 2017 Global Regulatory Briefing. The event took place at the office of Bloomberg LP in New York City, New York...

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Response from Cayman Finance to publication of EU list on non-cooperation tax jurisdictions

December 11, 2017

Cayman Islands has not been included on the EU’s list of non-cooperative tax jurisdictions. Cayman Finance has worked hard with the Cayman Islands Government to address the concerns the European Union has raised...

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Head of Credit Suisse pays courtesy call on Minister of Finance

December 07, 2017

Patrik Marti, Head of Credit Suisse, right, paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette...

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Former Investments Minister, Chamber Chairman Khaalis Rolle to Head Sterling Global Financial's New Arm, Sterling Global Advisors Ltd.
Former Investments Minister, Chamber Chairman Khaalis Rolle to Head Sterling Global Financial's New Arm, Sterling Global Advisors Ltd.

December 04, 2017

Leading real estate development financing firm Sterling Global Financial announced today it is set to launch a new advisory arm, adding a service the firm’s chairman said would bolster its strategic growth with its ability to assist clients with core services including structure...

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CIBC FirsCaribbean IS THE BANKER MAGAZINE's, BAHAMAS' 'BANK OF THE YEAR'
CIBC FirsCaribbean IS THE BANKER MAGAZINE's, BAHAMAS' 'BANK OF THE YEAR'

December 01, 2017

Business efficiency and innovation are two of the attributes that helped CIBC FirstCaribbean International Bank secure a second consecutive “Bank of the Year” prize in the 18th annual “Bank of the Year” Awards programme...

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Dying Financial sector is 'dynamic'
Dying Financial sector is 'dynamic'

November 28, 2017

THE financial services sector in The Bahamas is "vibrant and dynamic," former Prime Minister Hubert Ingraham said yesterday...

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