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October 02, 2018
Central Bank Encourages Saving Through "Real Money Talk" Facebook Video Competition
What are you saving for? Whatever your financial goal, you could get a chance to win $500 to help you achieve it by entering the Get Money Smart Bahamas “Real Money Talk” Facebook video competition.
Call to force banks to allow employees to join union
December 05, 2016
Call to force banks to allow employees to join union
NEWLY elected National Congress of Trade Unions Bahamas (NCTUB) Vice-President Paul Maynard said yesterday his first priority is "immediately to force" Royal Bank of Canada (RBC) and Scotiabank to "allow their employees to be unionised".
November 28, 2016
Central Bank outlines anti-money laundering, counter-terrorism financing deficiencies
There continues to be a string of deficiencies surrounding anti-money laundering (AML) and counter-terrorism financing (CTF) for some financial institutions.
Commonwealth Bank Donates $50,000 to Cancer Society
November 23, 2016
Commonwealth Bank Donates $50,000 to Cancer Society
Declaring ?there is hardly a family in The Bahamas that has not been touched by cancer,? Commonwealth Bank revealed today it donated $50,000 to the Cancer Society of The Bahamas as part of its ongoing $500,000, 10-year pledge.
November 21, 2016
Fourteen licensees impacted by de-risking, Central Bank survey reveals
According to The Central Bank of The Bahamas (CBOB), banks within this jurisdiction rely on a small number of correspondent banking relationships (CBRs), and a further decline in CBRs could "potentially pose a significant threat" to the jurisdiction, particularly for indigenous banks and standalone international banks.
November 09, 2016
Central Bank hosting Annual Monetary Studies Conference
The Central Bank of The Bahamas is pleased to announce that during the period November 9-11, 2016 the bank, in conjunction with the Caribbean Centre for Money and Finance (CCMF), will be hosting the XLVIII (48th) Annual Monetary Studies Conference, under the theme "Issues and Challenges Facing the Caribbean in the New Global Economy".
November 07, 2016
Modest cost pressures due to Matthew, says Central Bank
In its Monthly Economic Financial Developments (MEFD) report for September, The Central Bank of The Bahamas (CBOB) warned about modest cost pressures due to Hurricane Matthew.
BICA head concerned about rating in World Bank index
November 06, 2016
BICA head concerned about rating in World Bank index
International investors may think twice about doing business in The Bahamas if the country continues to slide on the World Bank's Ease of Doing Business Index.
November 04, 2016
Central Bank: Recovery effort will deteriorate fiscal position
Hurricane Matthew will deteriorate the government's fiscal position and apply additional pressure on the nation's deficit, according to The Central Bank of The Bahamas (CBOB).
Central Bank considers Matthew's impact on economy
November 04, 2016
Central Bank considers Matthew's impact on economy
The economic outlook in light of Hurricane Matthew is bittersweet: short-term disruptions to businesses, a short-lived impact on the tourism sector, and an uptick in construction activity, according to The Central Bank of The Bahamas' Monthly Economic and Financial Developments (MEFD) September 2016 report.
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