Search results for : Deposits
Oil at coastal shorelines in GB triggers island-wide probe
The discovery of trace amounts of oil at coastal shorelines in parts of Grand Bahama has triggered an island-wide investigation, according to a statement yesterday from Lucaya Service Company (LUSCO), which is a part of the task force investigating the cause. In the statement, LUSCO said the task force "will continue the investigation into the ...
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US moving forward with charges against SBF, including alleged campaign finance scheme
The United States Attorneys' Office in the Southern District of New York announced yesterday that it will pursue the original seven counts against FTX founder Sam Bankman-Fried, who is accused of fraud, money laundering and violating US campaign finance laws. FTX was one of the largest cryptocurrency exchanges in the world and was headquartered in ...
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Deltec slams "meritless" claims by former FTX investor
Bank to file motions to dismiss lawsuits alleging it aided and abetted FTX founder in fraud NASSAU, BAHAMAS — Deltec Bank said yesterday that it plans to "vigorously" defend against what it described as "meritless" claims by an aggrieved FTX investor that it knowingly aided and abetted in fraud prior to the crypto exchange's infamous [...]
CIBC FirstCaribbean Relocates Branch to Charlow’s Bay Plaza
Clients of CIBC FirstCaribbean in Governor’s Harbour, Eleuthera, have expressed satisfaction and pride as they continue to bank with confidence at the bank’s new location in Charlow’s Bay Plaza.
Authentically Bahamian Program at Nassau Cruise Port Promotes Local Culture and Provides Unprecedented Benefits to Tenants
The Nassau Cruise Port provides insights on its groundbreaking Authentically Bahamian Program, an initiative aimed at fostering local talent and preserving the rich cultural heritage of The Bahamas. Unparalleled benefits have also been extended to the tenants of Nassau Cruise Port, including free rent for one year, generous grants of up to $20,000 for fit-out, and the benefit of comprehensive trai...
Andros Council 'violated' Law
Andros Council 'violated' Law
NEIL Campbell, the acting permanent secretary in the Ministry of Agriculture, Marine Resources and Family Island Affairs, confirmed the North Andros District Council was given money to have a beach cleaned, violating the law.
Hallmark announces Christmas-themed Nassau cruise
Hallmark announces Christmas-themed Nassau cruise
Hallmark Channel has announced its first ever Christmas-themed cruise from Miami, Florida, to Nassau, The Bahamas. The leading television network in Christmas movies will set sail November 5-9, 2024, on board the Norwegian Gem, which will be decorated in everything Christmas for fans to enjoy the holiday and the network's films in true Hallmark style. ...
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The Bahamas enjoying relatively low lending rates as other markets rise
As borrowing becomes more expensive in the US and in some Caribbean territories, The Bahamas continues to offer favorable rates, though commercial bank lending has contracted and non-performing loan rates remain higher than average, the bank's Vice President and District Head for the Caribbean Roger Archer told Guardian Business. Archer said The Bahamas has been fortunate to enjoy ....
Children in the midst of damning poverty
Children in the midst of damning poverty
Dear Editor, "Suffer the little children to come unto Me, for of such is the Kingdom of Heaven." As Sarah Ann McMahan reflects: "Foot washing is messy business; it means getting down on your knees to mingle with the dirt of the human condition, and doing whatever is possible to try to clean it up ...
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Former govt official offered $1 million bonus to secure FTX license, CEO alleges in filing
Former govt official offered $1 million bonus to secure FTX license, CEO alleges in filing
A former Bahamian government official and lawyer was offered a $1 million bonus in 2021 to secure a business license for cryptocurrency exchange FTX within 10 weeks, FTX CEO John Ray III said in a filing in a bankruptcy court in Delaware yesterday.