Cable Bahamas reports that its net income for the full year 2003 increased by 24.6% to some $9.063 million. Total revenues increased by 16% rising from $36.901 million the previous … Read More
Author: @BahamasFSB
FATF Plenary
**Global Anti-Money Laundering and Anti-Terrorist Financing Campaign** The Financial Action Task Force completed its Plenary in Paris today, at the conclusion of which President Claes Norgren issued a report highlighting … Read More
Positive Indicators For Global Growth
**John W. Snow U.S. Treasury Secretary** Speaking at the Centre for Strategic and International Studies in Washington today, U.S. Treasury Secretary John Snow provided an outlook for the global economy. … Read More
Bahamas Business Outlook Moves To Grand Bahama
**Grand Bahama: 50 Years & Growing** The Grand Bahama edition of the annual ‘Bahamas Business Outlook’ conferences will be held on Wednesday March 3rd. Under the theme, *”Grand Bahama – … Read More
Negotiations on Banca del Gottardo Abandoned
**Differing Price Expectations** Swiss Life and the consortium including UniCredito Italiano, swissfirst Bank AG and private investors have abandoned their exclusive negotiations on the sale of Banca del Gottardo. The … Read More
Financial Action Task Force Meets in Paris
**NCCT and FATF Typologies Report** The Financial Action Task Force (FATF) has issued a release from its headquarters in Paris concerning its next Plenary, scheduled to be held on February … Read More
New Regulatory Regime For Funds
**Licensing Exempt Funds** With the Investment Funds Act 2003 and Regulations now in effect, one of the most significant and immediate implications for financial service professionals locally is the requirement … Read More
Macroeconomic and Fiscal Stability Support A Prosperous and Resilient Economcy
Standard & Poor’s (S&P) last week released its Bahamas Country Profile, referencing the foreign and local currency long and short-term ratings of ‘A-/A-2′ assigned in December. The outlook continues to … Read More
Colina Receives Excellent International Rating
The world-wide insurance rating and information agency A.M. Best Company has provided a financial strength rating of “A-” (Excellent) to Colina Insurance Company. President James Campbell says this is evidence … Read More
Bahamas Economic Engine Performing Well
**Hon. Allyson Maynard-Gibson Minister of Financial Services and Investments** Minister Maynard-Gibson presented remarks to the 7th Annual Georgia Minority Business Leaders Awards Luncheon today in Atlanta, taking the opportunity to … Read More