News
VI Deposit Insurance Corporation launched to usher in new era of Financial Security
ROAD TOWN, Tortola, VI - The Ministry of Finance has announced the establishment of the Virgin Islands Deposit Insurance Corporation (VIDIC), a crucial step towards enhancing financial security for depositors within the Territory of the Virgin Islands.
‘Some doing well, others catching hell!’- Banks & Insurance blasted over local treatment
ROAD TOWN Tortola, VI - Leader of the Opposition in the Virgin Islands (VI) House of Assembly (HoA), Hon Ronnie W. Skelton (AL) while speaking under other business in the 5th House of Assembly (HoA) on Tuesday, September 19, 2023, lambasted local insurance companies and banks in the territory.
Woman attacked by dog near bank in RT
ROAD TOWN, Tortola, VI- There have been reports of dog attacks in the Virgin Islands happening mostly in residential areas; however, a recent dog attack allegedly occurred in a busy commercial area of Road Town, the capital city.
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.
Attempt allegedly made to steal $$ from night depository @ First Caribbean Bank
ROAD TOWN, Tortola, VI- Reports just reaching Virgin Islands News Online (VINO) are that there was an attempt to breach a night deposit facility at First Caribbean International Bank in Road Town, Tortola, over the past weekend.
Banks already have buyers lined up to purchase property in default- Hon Christopher
ROAD TOWN, Tortola, VI - During the Fifth District Recovery and Development Plan public consultation meeting held at Althea Scatliffe Primary School on February 5, 2018, Fifth District Representative Honourable Delores Christopher pleaded with the Premier and Minister of Finance, Dr The Honourable D. Orlando Smith (AL), to investigate banks that are selling people's properties who cannot pay for them quickly enough.
Hong Kong businessman seeking to open bank in VI
ROAD TOWN, Tortola, VI- A prominent Hong Kong businessman is reportedly seeking to open a bank here in the Virgin Islands sometime later this year.
The tape does not lie! Premier Smith did say $90M in bank!
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr The Honourable D. Orlando Smith shockingly stated recently that he could not recall saying anything during the last elections campaign about his National Democratic Party government having some $90M in the bank.
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