News
Persons reportedly tried to bully Premier Fahie into reshuffling NBVI board
DUFF’S BOTTOM, Tortola, VI – A Board Member of the National Bank of the Virgin Islands (NBVI), along with his 'sidekicks', reportedly tried to bully Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) into reshuffling the board of the bank, the Premier revealed during the Seventh Sitting of the Third Session of the Fourth House of Assembly (HoA) held at Save the Seed Energy Centre in Duff's Bottom, Tortola, on April 22, 2021.
The ruling bank
Dickson C. Igwe
Banking rests upon public confidence. And central banks are the platform that sits beneath the world economy. Without the Central Bank, there would be no modern economy as we know it. Central banks drive the financial world, and finance is the software of the global economy.
Will investors allow a banking collapse?
By Dickson C. Igwe
Now, one would have thought that after the banking crash of 2008, banks would have learned the bitter lessons of that time, never to be repeated. That was not the case.
New NBVI ATM announced for Jost van Dyke
GREAT HARBOUR, Jost van Dyke, VI - Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has broken news that bids are already flowing in from contractors, for the construction of a facility to house a new ATM for the National Bank of the Virgin Islands on Jost van Dyke.
FirstBank notifies clients about 'security event'
ROAD TOWN, Tortola, VI - FirstBank has detected a security event in its systems, which has impacted several of its service channels.
Virgin Islanders continue to lose property in COVID-19 era – Skelton-Cline
BAUGHERS BAY, Tortola, VI – Commentator Claude O. Skelton-Cline says it remains concerning that Virgin Islanders are losing property as a result of financial difficulties in the COVID-19 era.
Scotibank BVI completes sale to Republic Financial Holdings
ROAD TOWN, Tortola, VI - Scotiabank (British Virgin Islands) Limited has completed its previously announced sale to Republic Financial Holdings Limited (RFHL) of Trinidad and Tobago, with the closing date effective May 31, 2020.
Banco Popular VG to reopen ahead of next complete lockdown
ROAD TOWN, Tortola, VI- Premier and Minister of Finance, Hon Andrew A. Fahie (R1) says banks are on the list of essential services allowed operation ahead of a complete COVID-19 lockdown on Saturday evening, April 4, 2020 through Thursday, April 16, 2020 in the first instance.
Scotiabank announces customer assistance program
ROAD TOWN, Tortola, VI - As the Virgin Islands cope with the effects of the COVID-19 pandemic, Scotiabank with the aim of helping its customers have announced a number of measures to provide financial relief to those who need it most.
Financial & Insurance Companies failing Virgin Islanders - Skelton-Cline
BAUGHERS BAY, Tortola, VI - Calling for a 'safety net' to protect Virgin Islanders, ZBVI 780am 'Honestly Speaking' radio host, Mr Claude O. Skelton-Cline says the lack of competition in the financial and insurance industries is making the Virgin Islands an expensive place to live.
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