Sterling Financial Group

The New Providence Financial Center, East Bay Street
Nassau
Nassau / Paradise Island, Bahamas

Review

Securities Commission reminds of max rates for non-bank lenders

Consumers should be aware that there are controls in law as to what interest rates can be charged on non-bank loans.
"The Securities Commission of The Bahamas (SCB) is also the inspector of financial and corporate service providers (FCSPs)," SCB Chairman Philip Stubbs told Guardian Business. "We've been designated that from 2008. FCSPs also include people who provide money lending that are not r...

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Loan scheme shut down

Central Detective Unit officers raided the office of an unlicensed business purporting to offer financial services and took three employees in for questioning.

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'Grave concerns' over unlicensed money lenders

By NEIL HARTNELL

Tribune Business Editor

The Securities Commission has "grave concerns" about money lenders, brokers and pay day lenders who may be operating without the proper licences, a senior regulatory official telling Tribune Business last night that five to six businesses potentially in this situation had been brought to its attention.

Emphasising that the Securities Commission, in its r...

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FCIB committed to region, hospitality industry, despite losses

The Canadian banks have lost tens of millions of dollars lending to the Caribbean hospitality industry, but CIBC FirstCaribbean International Bank CEO Rik Parkhill says his institution has no intention of abandoning the industry.

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Bahamas PM Ingraham pledges to protect Atlantis jobs

Nassau, The Bahamas - With the recent proposals of the acquisition of Atlantis by one of its lenders, employment security in the tourism sector has Prime Minister Hubert Ingraham committed to leadership that protects Bahamian workers.

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Prime Minister Ingraham pledges to protect Atlantis jobs

NASSAU, The Bahamas - With the recent proposals of the acquisition of Atlantis by one of its lenders, employment security in the tourism sector has Prime Minister Hubert Ingraham committed to leadership that protects Bahamian workers. "We continue to monitor events and assist where appropriate and helpful

Our overriding responsibility is for the protection of Bahamian jobs and the long- term vi...

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RF Launches New Luxury Credit Card

With premium rewards, worldwide acceptance and a host of international services, RF Bank & Trust (RF) unveiled their Black MasterCard® at a private event recently. The card, which is available by invitation only, is a specialty feature of RF Private Wealth, the investment banks latest product offering for high-net-worth Bahamians.

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Finance Minister Introduces the Financial and Corporate Service Providers Bill 2020

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest in the House of Assembly on Wednesday, November 4, 2020, introduced the Financial and Corporate Service Providers Bill, 2020...

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Finance continues to modernize fiscal legislation

Bills for debt management and public finance management
released for public consultation...

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