Search results for : Deposits
February 02, 2023
Easy PayDay Expands Finance Offerings to Private Sector
EasyPay Day has expanded its business model by adding a loan facility to employees in the private sector in tandem with its government employee loan service.
February 01, 2023
Qualified new borrowers still low despite improved economic conditions
Consumer credit, residential mortgages and commercial credit all decreased in 2022, The Central Bank of The Bahamas revealed, indicating that while the economy has improved the debt servicing capacity of existing borrowers, it has not yet increased the pool of qualified new borrowers.
February 01, 2023
Banks must hit key performance indicators before checks eliminated
Central Bank Governor John Rolle confirmed earlier this week that more work will be done to ensure local banks are able to settle digital transactions faster, with better cost efficiency and in greater numbers, before it moves to completely eliminate checks.
FTX Digital Markets staff terminated
February 01, 2023
FTX Digital Markets staff terminated
NASSAU, BAHAMAS — Several employees of FTX Digital markets have been made redundant, with the joint provisional liquidators indicating that due to the company's financial position, they are unable to make redundancy payments. The liquidators have indicated that instead, employee redundancy payments will rank as a "preferred claim" against the company. It was unclear how [...]
Leading luxury property auction firm predicts strong Caribbean resilience as real estate frenzy slows
January 30, 2023
Leading luxury property auction firm predicts strong Caribbean resilience as real estate frenzy slows
By Diane Phillips
Two years after COVID 19 restrictions inadvertently opened the floodgates that created mass exodus from inner cities and cold suburbs to the most desirable places on earth, analysts say the real estate market that set record highs is beginning to show signs of slowing. But for one firm that specializes in luxury properties, the frenzy for the finest is doing anything but retre...
SBF: I didn't steal funds
January 13, 2023
SBF: I didn't steal funds
FTX founder Sam Bankman-Fried, who is on $250 million bond and awaiting trial in New York on charges that he defrauded his customers out of billions of dollars, yesterday denied stealing customer funds. "I didn't steal funds, and I certainly didn't stash billions away," he said in a post on Substack, a blogging platform. "Nearly ...
The post SBF: I didn't steal funds appeared first on The Na...
SBF objects to automatic stay filed by FTX debtors
January 09, 2023
SBF objects to automatic stay filed by FTX debtors
Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, last week filed an objection to an automatic stay motion filed by FTX debtors in their Chapter 11 bankruptcy proceedings on his Antigua and Barbuda company Emergent Fidelity Technologies Ltd.
FTX founder pleads not guilty
January 04, 2023
FTX founder pleads not guilty
FORMER FTX CEO Sam Bankman-Fried pleaded not guilty in a Manhattan federal court yesterday to charges of cheating investors and looting customer deposits on his cryptocurrency platform.
January 03, 2023
FTX founder Sam Bankman-Fried pleads not guilty in New York
NEW YORK (AP) — FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.
Bankman-Fried granted $250m bail by US court
December 23, 2022
Bankman-Fried granted $250m bail by US court
ONE day after being extradited to the United States, Samuel Bankman-Fried, former CEO of the failed cryptocurrency exchange FTX, was released on a $250m bond while he awaits trial on several fraud charges.
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