Barclays and CIBC announced last week that, subject to regulatory and all other required approvals, the two banks will combine their Caribbean retail, corporate and offshore banking operations, creating FirstCaribbean … Read More
Author: @BahamasFSB
Financial Centre Focus: A BFSB Initiative
Working closely with the newly formed Financial Services Industry Professional Association Working Group, BFSB is developing the framework for an ongoing, year-round programme designed to educate the public and build … Read More
Reaffirming The Bahamas As The Jurisdiction Of Choice
Recognising the importance of drawing on the expertise and resources of its international friends and partners – also stakeholders in the international financial services sector — the Bahamas Financial Services … Read More
SG Hambros Private Equity Fund V Launched
Wealth management firm SG Hambros has launched a new private equity fund for individual investors. The fund will tap into the investment expertise of Duke Street Capital, the well-known London … Read More
US Advisory Lifted
The Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department this month lifted an advisory against financial institutions in The Bahamas. This followed the June “delisting” of the nation … Read More
The Bahamas: Enhancing Prospects for Sustainable Financial Services Sector
Hon. Sir William Allen Minister of Finance The Bahamas Parliament last week approved amendments to a number of financial services acts and regulations, to deal with issues of practical implementation … Read More
The Bahamas: No Agreement With OECD To Date
Sir William Allen Minister of Finance On the occasion of last week’s Parliamentary Debate on amendments to various financial services industry legislation, Finance Minister Sir William noted that no commitment … Read More
Teekay In Joint Venture With BHP Billiton
Teekay Shipping recently announced a joint venture with BHP Billiton, the world’s largest coal exporter and third biggest iron exporter. Teekay Marine Pty Ltd., 70% owned by Teekay, will manage … Read More
SG Hambros Sponsors Bahamas-Based Investment Seminar
SG Hambros (Bahamas) recently provided the opportunity for executives from its global head office to present investment management advice to Bahamian-based clients and other professionals. The company provides investment management … Read More
American Airlines and Bahamas On-Line Team Up
The Bahamas’ first and largest independent Internet Service Provider, Bahamas On-Line, has teamed up with American Airlines to provide Internet service for American Airlines’ employees based in Nassau, Freeport and … Read More