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August 17, 2023
Deltec Bank enters second half of 2023 poised for accelerated client growth
NASSAU, BAHAMAS — Deltec Bank and Trust Limited has released an update on its 2023 outlook, projecting continued growth. "As we head into the second half of 2023, Deltec Bank is strongly positioned for continued growth and outstanding performance," said Odetta Morton, CEO of Deltec Bank. "Deltec Bank's historical performance serves as a testament to [...]
August 16, 2023
Man accused of rape told officer it was consensual, jury hears
A man claimed that he had consensual sex with a woman who accused him of rape, a Supreme Court jury heard yesterday.
August 02, 2023
Deltec to submit motions to dismiss lawsuits by FTX investor
Deltec Bank & Trust does not anticipate that it or its clients will be affected by a putative class-action lawsuit filed against the bank in the state of Washington by a former FTX investor last week.
August 02, 2023
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 [...]
'ERRORS' ON PAYROLL COST GOVT $120M: 'Some had salary paid for decades without records'
July 26, 2023
'ERRORS' ON PAYROLL COST GOVT $120M: 'Some had salary paid for decades without records'
PAYROLL errors could be costing the government as much as $120m a year, Financial Secretary Simon Wilson said yesterday.
AM Best affirms Bahamas First credit ratings
July 20, 2023
AM Best affirms Bahamas First credit ratings
Bahamas First General Insurance Company Limited (BFG) and Cayman First Insurance Company Limited (CFI) - subsidiaries of Bahamas First Holdings Limited (BFH) - have received a clean bill of health by credit rating agency AM Best, affirming their A- (Excellent) financial strength rating, and leaving their long-term issuer credit rating (Long-Term ICR) of "a-" (Excellent) in plac...
Sounding the alarm on fentanyl
July 19, 2023
Sounding the alarm on fentanyl
Fentanyl, the powerful synthetic opioid, is seldom, if ever, spoken about publicly in The Bahamas.
Buccaneers sweep soccer titles
July 13, 2023
Buccaneers sweep soccer titles
The New Providence Buccaneers reigned supreme on the soccer field as they lifted both the men and women's titles at the sixth Bahamas Games yesterday. Both teams had a perfect run in the tournament, coming away with maximum points. The Buccaneers' men went into their final game of the tournament with nine points and having not conceded a ...
The post Buccaneers sweep soccer titles appear...
July 06, 2023
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 ....
Repairs progressing on Casuarina Bridge
July 05, 2023
Repairs progressing on Casuarina Bridge
NASSAU, BAHAMAS — The Lucaya Service Company Limited (LUSCO) yesterday announced that repairs to the Casuarina Bridge which was damaged by Hurricane Dorian's high winds and flooding in 2019 are progressing. "The Casuarina Bridge provides safe and convenient passage from Freeport to communities in the east," said Charisse Brown, Grand Bahama Development Company Limited (DEVCO) [...]
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