Topic: banking
50 years ago: Banker charged by US for staying quiet, fire destroys Bodden Town...
The top article in the Tuesday, 25 May 1976 issue of the Caymanian Compass was on a bank manager, Tony Field, being found guilty of civil contempt’ in the U.S. appeals court.
CIBC Caribbean to discontinue Great Britain pound cheques and bank draft services
As electronic payments have now become the norm in transferring funds from one point to another by individuals and businesses, CIBC Caribbean has announced that from 31 March, it will no longer issue or process cheques and bank drafts denominated in Great Britain Pounds.
AMRL Cayman expands services
AMRL Cayman has announced the launch of a new corporate disputes, insolvency and restructuring service line, broadening the firm’s capabilities to meet evolving client needs in an increasingly complex and contested global environment.
Cayman’s ‘smallest’ bank has big digital strategy
PROVEN Group's 2022 acquisition of Fidelity Bank Cayman was notable in a small domestic banking market with just six Class A retail banks.
Caymanian among new CIBC Caribbean bankers
The six newest trainees in CIBC Caribbean’s Chief Commercial Office Immersion programme have exploded the myth that it is difficult to find young people...
Cayman National Bank shares offer called ‘inadequate’ by KPMG
A 'Big Four' financial services firm has said the offer of US$7.75 per share from Republic Bank Trinidad and Tobago (Barbados) Ltd to buy out Cayman National Bank is "inadequate".
Trinidad bank seeks total buyout of Cayman National
A Trinidad and Tobago financial giant has launched a more than US$82 million bid to take complete control of Cayman National Bank.
Compliance sweep disrupts Cayman residents’ bank accounts
Hundreds of ordinary Cayman Islands residents are being hit with onerous banking compliance requirements amid increased scrutiny over money laundering threats. Some say they have had accounts locked for failing to provide paperwork.
Problems with banks in Cayman
Wages are just one of the issues plaguing Cayman. Try banking.
Recently, I was discussing with a friend the new local banking changes, and I...
European banks report $24 billion in offshore profits
Europe’s largest banks are booking 14% of their profits, about US$24 billion, in low-tax centres every year, according to a report by EU Tax Observatory.
Cayman’s offshore banking sector shows first-quarter growth
In the first quarter of 2020, the assets and liabilities of Cayman Islands banks both increased for the first time in years.
Butterfield suspends changes to credit card rates and fees
Butterfield Bank advised customers in Cayman Thursday that previously announced changes to credit card rates and fees, which were to have taken effect on 31 March, have been suspended until further notice.
Scotiabank updates customer assistance programme
Scotiabank has announced updates to its customer assistance programme for retail and business account holders.
Bloomberg: Maybe the Fed did not guy Volcker rule
There are better ways than the Volcker Rule to limit the scope of taxpayer subsidies – but they aren’t happening any time soon.
Cayman’s banking sector continued slide in 2016
The territory’s banking industry continued to contract in 2016 in terms of the number of banks and the amount of assets and liabilities held by those institutions, according to the Cayman Islands Monetary Authority’s 2016 Banking Digest.
Letter: The contributions of Nick Duggan
The recent 50th anniversary of the bank is a reminder of this gentleman, and one of Cayman’s finest citizens.
EDITORIAL – Butterfield Bank: A half-century of service to Cayman
Congratulations to Butterfield on its “golden” anniversary in the Cayman Islands. Here’s to your next 50 years.
RBC Royal Bank launches private banking in Cayman
RBC Royal Bank launched its suite of private banking services in the Cayman Islands on April 20.
Butterfield Bank discloses possible US$4.8M payment
The Bank of N.T. Butterfield & Son Ltd. has made provision for the payment of US$4.8 million, recorded during its financial year which ended Dec. 31, 2015, against the possibility that it could be required to make a settlement payment as the result of an ongoing U.S. federal investigation into tax evasion.
Bankers fear failure of global economic recovery
There is growing unease in the banking industry that a possible failure of the global economic recovery will hurt the still fragile banking system.
CIBC FirstCaribbean has new chief executive officer
CIBC FirstCaribbean last month welcomed its new chief executive officer, Gary Brown. He succeeds Rik Parkhill, who left office at the end of December after a four-year tenure.
Email scammers steal from local bank
A scammer recently gained access to a local bank account, according to the police’s Financial Crime Unit, and stole money from a woman in the United Kingdom using an email scam.
Offshore banking continues to decline
The number of banks in the Cayman Islands dropped by 7 percent in 2015, compared to 2014.
