All results / Stories
Sort By
Date
Authors
- Everyone
- Neil Hartnell (137)
- Samora St Rose (62)
- Natario McKenzie (33)
- Eloise Poitier (10)
- Paul Turnquest (8)
- Paco Nunez (7)
- Renaldo Dorsett (7)
- Ava Turnquest (2)
- Celeste Nixon (1)
- Dana Smith (1)
No more toxic BoB loans for Resolve - yet
BAHAMAS Resolve has yet to be “formally asked” to remove more toxic loans from Bank of the Bahamas, amid calls from the latter’s irate shareholders for the Central Bank to “intervene” and take over its operations.
Resolve ‘not ruling anything out’ over more bad BOB loans
Bahamas Resolve’s chairman yesterday admitted he “wouldn’t rule out anything” when it came to the possibility of removing more toxic loans from Bank of the Bahamas.
John Bostwick guilty after "unbelievable and unconvincing" defence over bullets in bag
A MAGISTRATE yesterday rejected the argument from former Senator John Bostwick II that he was set up when a loaded magazine clip was discovered in his backpack at an airport 18 months ago and convicted him of possession of ammunition.
Bostwick guilty of having bullets in bag
A MAGISTRATE yesterday rejected the argument from former Senator John Bostwick II that he was set up when a loaded magazine clip was discovered in his backpack at an airport 18 months ago and convicted him of possession of ammunition.
Bank of Bahamas select committee ‘a wonderful idea’
The Opposition’s deputy leader yesterday said it would be “a wonderful idea” for a bi-partisan House of Assembly select committee to probe Bank of the Bahamas’ ongoing woes, amid suggestions that politically-connected ‘bad’ loans had not been removed from its balance sheet.
Broker warns Feds: 'I'll plead the Fifth'
A Bahamian broker/dealer's principal has warned US federal regulators that their efforts to obtain evidence from him over two alleged multi-million dollar securities frauds will be futile, as his lips will be sealed.
Commission fears ‘powerless and ineffective’ US stigma
The Securities Commission fears the US government will treat it as “powerless and ineffective” because a broker/dealer’s legal “stalling” tactics are preventing it from assisting its foreign counterparts.
VAT to hit CIBC operating costs
CIBC FirstCaribbean believes the factors that drove a 74.8 per cent first quarter profit increase will remain present throughout 2015, even though Value-Added Tax (VAT) will grow its Bahamian subsidiary’s operating expenses.
CIBC eyes staff tripling at new business unit
CIBC FirstCaribbean is aiming to triple staff levels at its new Bahamian private wealth management unit “in very short order”, a top executive yesterday unveiling ambitions for this segment to account for 25 per cent of the bank’s region-wide performance.
Bahamas urged: 'Knock down med tourism barriers'
The Bahamas must “knock down all the barriers that threaten the viability” of a medical tourism industry, a well-known surgeon warning there was a “disconnect” between rhetoric and reality.
Gov’t urged: ‘Seize moment’ to exit BoB
Shareholders and Opposition politicians yesterday urged the Government to do more to restore “credibility and public confidence” in Bank of the Bahamas, urging it to remove the entire Board and relinquish its majority ownership.
Albany clients hit by 'horrific' oil spills
Albany’s marina chief yesterday said he was “hoping and praying” the Government would finally take concrete action over persistent oil spills at Clifton Pier, as there had been several “horrific” incidents witnessed by the development’s high-end guests.
Bank shrugs off $2.8m fee rise to 'beat target by 54%'
Commonwealth Bank yesterday revealed its $19.58m first quarter profits "exceeded expectations by 54 percent" despite having to contend with a more than one-third year-over-year increase in licence fees.
Doctors targets share offering for end-August
Doctors Hospital is targeting end-August 2023 for a share offering that will give more Bahamians an ownership interest in the healthcare provider just as it aims to “near double” pre-COVID’s $60m annual revenues.
RF fund's $120m excess is 'good problem to have'
A Bahamian investment bank says its largest mutual fund is receiving investor subscriptions as fast as it can invest them, branding the situation as "a good problem to have".
‘Burden cannot be heavier with corporate income tax’
Corporate income tax must not impose a heavier tax burden on businesses than what already exists, private sector executives are warning, while urging that such proposed reform cannot be viewed in “isolation”.
Gov’t told: Avoid ‘piecemeal approach’ over tax reforms
The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”
Court asked to decide Cavalier’s $54k VAT bill
The Supreme Court will be asked to determine if a Cavalier Construction affiliate must pay an outstanding $54,161 VAT bill owed by the insolvent contractor, it has been disclosed.
Stock split revival with Fidelity ‘on $25m track’
Fidelity Bank (Bahamas) will unveil plans for its long-awaited stock split at next month’s shareholder meeting, its chief executive revealed yesterday, as it eyes a total $17.5m dividend payout to investors in 2022
Insurers ‘totally in blind’ on Budget tax changes
Bahamian insurers yesterday said they are “totally in the blind” as to how Budget tax reforms will work with “time having run out” to make any adjustments due to the new fiscal year beginning today.
