News
BVI Business Banking Expo set for June 6, 2024- Hon Smith
ROAD TOWN, Tortola, VI– Persons in the finance sector in the Virgin Islands (VI) can get ready for the BVI Business Banking Expo slated for June 6, 2024. The Expo is slated to bring financial institutions, the regulators, business owners, and entrepreneurs from across the territory to discuss the latest trends and innovations in banking.
CIBC FirstCaribbean Grenada Bank sold to Grenada Co-op Bank Ltd
BRIDGETOWN, Barbados - FirstCaribbean International Bank Limited and Grenada Co-operative Bank Limited have announced that on May 19, 2023, the sale of FirstCaribbean’s business in Grenada to Grenada Co-operative Bank Limited received approval from the Eastern Caribbean Central Bank.
If banks can’t do business our way 'pack up & leave’- Vernon Vanterpool
VALLEY, Virgin Gorda, VI- With calls by residents to reform the banking system in the [British] Virgin Islands (VI), residents of Virgin Gorda have indicated that the situation needs to be drastically improved, given the economic activity on the island.
Lawyer Daniel F. Davies enters elections race as Independent At Large candidate
ROAD TOWN, Tortola, VI– Describing himself as professional, knowledgeable, efficient and a passionate fighter for the Virgin Islands (VI), local attorney Daniel F. Davies has entered the 2023 elections race as an Independent At Large candidate.
Shakeup at CIBC FirstCaribbean Amory Jervis Out! Fabian S. Devonish In!
ROAD TOWN, Tortola, VI - Word reaching our news centre from reliable senior sources at the Virgin Islands branch of CIBC FirstCaribbean International Bank, is that there has been a major shakeup within the past few weeks.
‘De-risking’ by banks making it difficult for small man & foreign investors- Premier
ROAD TOWN, Tortola, VI- De-risking measures, which were originally intended to combat international organised crime such as money laundering and terrorism financing, have been making it increasingly difficult – and even impossible - for ordinary, honest persons – the small ordinary men and women and the small business - to get access to basic banking services such as opening a bank account or getting a credit card.
BVIPA looking to have ATM installed on Anegada
SETTING POINT, Anegada, VI- The BVI Ports Authority (BVIPA) has said it is looking at the possibility of having an ATM installed at the ferry dock on Anegada.
The return of the inflation beast
Dickson C. Igwe
Investors are wary recession may be on the horizon. Recession is never good for investors or business, as recession means a fall in profits and revenues, which in turn impacts dividends and share prices. Recession means business contraction and job loss.
Some VI banks are treating customers ‘horrible’ - Skelton-Cline
BAUGHER'S BAY, Tortola, VI – Radio Talk show Host Claude O. Skelton-Cline has called on the banking sector in the VI to improve their customer service, which he says is resulting in ordinary citizens suffering as a result of the poor service from these institutions.
New JvD ATM is ‘promise made, promise kept’– Premier Fahie
GREAT HARBOUR, Jost van Dyke, VI – Installation works have been completed on a new ATM on the sister island of Jost van Dyke, Premier and Minister of Finance Hon Andrew A. Fahie (R1) has revealed in a social media post.
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