News
‘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.
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.
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