Search results for : Deposits
September 22, 2023
Local business owner takes aircraft ownership dispute with FTX to US bankruptcy court
NASSAU, BAHAMAS — A prominent Bahamian businessman and charter flight operator is seeking a US bankruptcy court ruling that clarifies the ownership status of two aircraft acquired through financing from FTX via a 'handshake' agreement with its embattled founder Sam Bankman-Fried. Island Air Capital (IAC), owned by Paul Aranha, has filed for relief from the [...]
September 19, 2023
"MORE THAN SUFFICIENT EVIDENCE" to shutter ArawakX, Securities Commission says
NASSAU, BAHAMAS — The Securities Commission is asserting that there is "more than sufficient evidence" to justify the winding-up of the country's first crowdfunding platform ArawakX, citing its concerns over the company's solvency as well as alleged governance irregularities and regulatory breaches. In a statement Monday evening, the regulator noted that on Friday September 15th, [...]
'Jazz' hits two grand slams
September 18, 2023
'Jazz' hits two grand slams
The Miami Marlins have two grand slam home runs this season and Bahamian Jasrado 'Jazz' Chisholm Jr. has both of them, with both coming in the last two days against the Atlanta Braves. Chisholm hit a four-run four-bagger for the second day in a row on Sunday, and the Marlins slammed the Braves for the second day in ...
The post 'Jazz' hits two grand slams appeared first on The Nassa...
Archer running for vice president at BOC elections
September 14, 2023
Archer running for vice president at BOC elections
The track and field community in The Bahamas is throwing its support behind Drumeco Archer in hopes of having some representation on the new executive board of the Bahamas Olympic Committee (BOC). The election of officers is set for this Saturday at 7 p.m. inside the Paul Farquharson Building at the Royal Bahamas Police Force (RBPF) Headquarters. For ...
The post Archer running for ...
Bank's 1 fee hike worries gas retailer
January 05, 2011
Bank's 1 fee hike worries gas retailer
A banking fee introduction of 1 percent on cash deposits in excess of $10,000 made over-the-counter has at least one gas station retailer crying foul and calling for government intervention.
Effective January 1, 2011, RBC Royal Bank of Canada (Bahamas) Ltd. implemented the fee hike. Other fee hikes include a charge of 1 percent for the exchange of coins over $100 in value (for non-RBC customers),...
FirstCaribbean suffers a 21 profit decline
January 12, 2011
FirstCaribbean suffers a 21 profit decline
By NEIL HARTNELL
Tribune Business Editor
The Bahamas remains the most important retail banking jurisdiction for FirstCaribbean, generating 40 per cent of the bank's revenues in this segment for 2010, even though operations in this nation saw a 21 per cent or $16.8 million net income drop to $61.9 million for the year to end-October.
Unveiling FirstCaribbean International Bank (Bahamas) results ...
Call to revisit banking fee hikes
January 14, 2011
Call to revisit banking fee hikes
By INDERIA SAUNDERS
Guardianâ Business Reporter
inderia@nasguard.com
Grand Bahama Chamber President Peter Turnquest is throwing strong support behind opposition of banking fees increases, making an appeal for a revisit of hikes that will impact over-the-counter deposits of over$10,000.
It's a call not only being made for businesses in Grand Bahama, but those throughout The Bahamas that are...
Chamber seeks bank meeting on fee increase
January 16, 2011
Chamber seeks bank meeting on fee increase
By NEIL HARTNELL
Tribune Business Editor
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is planning to meet with the commercial banking industry by month's end to discuss business community concerns over recent deposit-related fee increases, its chairman telling Tribune Business it wanted to find "a better way of doing business in this country".
Emphasising that he wanted t...
Signs of growth in Nassau, Bahamas
December 07, 2010
Signs of growth in Nassau, Bahamas
Nassau, Bahamas - Visible signs of growth in Nassau.
Trucks moving sand deposits
from the recent dredging of the Nassau Harbour, carry the prized commodity
to lay the foundation of development for new roads and subdivisions.
The New Straw Market,
The six-legged roundabout;
and
The New Airport wing...
August 02, 2010
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