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Communiqué of the 81st Meeting of the ECCB Monetary Council 24 Febrruary 2015
- By S Coward
- Published 27-Feb-15
- Banking/ Finance
- Unrated
Feb. 27, 2015 - The Eighty First (81st) Meeting of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) was held under the chairmanship of Dr the Honourable Ralph Gonsalves, on 24 February 2015 at the Eastern Caribbean Central Bank, St Kitts and Nevis.
Saint Lucia’s Private Sector to Get a Financial Boost from Caribbean Export
- By S Coward
- Published 24-Feb-15
- Banking/ Finance
- Unrated
Bridgetown - Feb. 24, 2015 - The Caribbean
Export Development Agency (Caribbean Export) has awarded some €303,000
in financial assistance to seventeen (17) successful grant applications
via the Direct Assistance Grant Scheme (DAGS) in Saint Lucia.
Scotiabank to Cut 1,500 Jobs & Close Some International Branches
- By S Coward
- Published 05-Nov-14
- Banking/ Finance
- Unrated
Nov. 4, 2014 - In International Banking, the charges are primarily for closing or
downsizing approximately 120 branches, which will allow us to focus on
high-growth markets, minimize branch overlap, and realize synergies
resulting from recent acquisitions.
Dominica Receives 2.4 million Euros in budget support from the EDF
- By S Coward
- Published 03-Jan-14
- Banking/ Finance
- Unrated
Roseau - Jan. 3, 2014 - The Government of Dominica has received the second fixed tranche of funds
under an 8.46 million euro financing agreement between Dominica and the
European Union.
Cayman and the US Sign FATCA Agreement
- By S Coward
- Published 03-Dec-13
- Banking/ Finance
- Unrated
George Town, Grand Cayman - Dec. 3, 2013 - Building on more than a decade of
cooperation in tax matters, the Cayman Islands and the US Nov. 29, 2013 signed
an agreement that paves the way for automatic exchange of tax
information under US FATCA.
Anguilla's Chief Minister's Statement on the take over of local banks by the Central Bank
- By S Coward
- Published 15-Aug-13
- Banking/ Finance , Eastern Caribbean Central Bank
- Unrated
Statement by the Chief Minister of Anguilla, the Honorable Hubert Hughes on the Eastern Caribbean Central Bank
assuming control of the Caribbean Commercial Bank (CCB) and the
National Bank of Anguilla Ltd (NBA).
Barbados: Financial Stability Update (September 2011 to March 2012)
- By S Coward
- Published 17-Aug-12
- Banking/ Finance
- Unrated
Bridgetown - Aug. 17, 2012 - The principal impact of the weak economic environment on the Barbadian financial sector continues to be anaemic loan growth across the sector. Commercial banks and other deposit taking institutions remained profitable and well capitalised, although there continues to be some deterioration in credit quality.
Barbados Central Bank Responds to Downgrade from Standard and Poor's
- By S Coward
- Published 18-Jul-12
- Banking/ Finance
- Unrated
Bridgetown - July 18, 2012 - Today Standard and Poor’s (S&P;) announced that it had lowered Barbados’ foreign-currency credit rating from 'BBB-/A-3' to 'BB+/B'. The downgrade says to the investment community that Barbados' foreign debt has become more risky, which is manifestly not the case.
UK makes £7.25 million grant for citizen security in Jamaica
- By S Coward
- Published 12-Jul-12
- Banking/ Finance
- Unrated
July 12, 2012 - The United Kingdom’s Department for International Development (DFID) will contribute £7.25 million to expand a citizen security program designed to reduce crime and violence in high-risk communities in Jamaica, the Inter-American Development Bank announced today.
Communiqué of the 72nd Meeting of the Monetary Council, 10 February 2012
- By S Coward
- Published 17-Feb-12
- Banking/ Finance
- Unrated
Feb. 17, 2012 - Council was apprised that the macroeconomic and
financial conditions of the ECCU economy continued to be impacted by the
slow economic recovery in the advanced economies. Consequently, as
small open economies, the ECCU remained vulnerable to these external
shocks.
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Central Bank of Barbados Comments on Standard and Poor’s Latest Ratings
- By S Coward
- Published 23-Nov-11
- Banking/ Finance
- Unrated
Bridgetown - Nov. 23, 2011 - On November 18, 2011, Standard & Poor's Ratings Services (S&P;) affirmed its BBB-/A-3 local and foreign-currency sovereign credit ratings on Barbados. However, the outlook has been revised to negative from stable.
IDB releases first regional survey about Latin American and Caribbean banks’ sustainability
- By S Coward
- Published 16-Nov-11
- Banking/ Finance , Inter-American Development Bank
- Unrated
Miami -- Nov. 16, 2011-- The Inter-American Development Bank (IDB) released today the first regional survey about environmental, social and corporate governance sustainability of banks in Latin America and the Caribbean.
Jamaica: Expanded Powers Proposed For the BOJ
- By S Coward
- Published 09-Nov-11
- Banking/ Finance
- Unrated
Kingston -- Nov. 9, 2011 - The Bank of Jamaica (BOJ) has released a discussion paper on
institutional arrangements for safeguarding financial stability, which
outlines proposed amendments to the BOJ Act to vest the bank with
overall responsibility for financial stability, through a Financial
Stability Committee.
Bahamas Central Bank: Monthly Economic and Financial Developments, May 2011
- By S Coward
- Published 12-Jul-11
- Banking/ Finance , Economy, Trade & Investment
- Unrated
July 12, 2011 - Domestic economic conditions maintained a positive momentum over the
review period, supported by steady gains in tourism output, foreign
investments in tourism related construction activity and public sector
capital projects.
Antigua: Minister Lovell Addresses Parliament on Euromoney Rankings
- By S Coward
- Published 24-Jun-11
- Banking/ Finance
- Unrated
St. John's -- June 23, 2011 -- Finance and Economy Minister the Honourable Harold Lovell has questioned
the apparent subjectivity of the recent ranking of Antigua and Barbuda
by the private business and financial publisher, Euromoney.
