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Paul McWeeney

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Bank braces for $2.4m tax impact

Bank of the Bahamas is bracing for a $2.4 million fourth quarter hit from the 3 per cent ‘bank tax’ unveiled in the 2013-2014 Budget, its managing director yesterday expressing “cautious optimism” it would return to profitability in its 2015 financial year.

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Bank of the Bahamas to sue The Punch

BANK Of The Bahamas is suing the tabloid newspaper the Punch for “a combination of outright lies and numerous falsehoods and inaccuracies”.

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