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THE PROBLEMS OF BANKING IN THE BAHAMAS GETTING WORSE

The Central Bank of The Bahamas and the Labour Minister made a big announcement a few weeks ago which was condemned by this column for complicity with duping the Bahamian consumer.  Both of them claimed that they had agreed with the clearing house banks of The Bahamas on reduction of fees by the banks.  The […]

THE BANKING FEE SCANDAL.. FOULKES NOW COMPLICIT

  With his usual flair for histrionics and publicity (sound and fury signifying nothing), Dion Foulkes, the Labour Minister who is also responsible for Consumer Affairs announced that he had secured an agreement with the Clearing House banks and the Central Bank to reduce the fees in banks and to put chart up like they […]

MITCHELL ON THE BANKING SECTOR

Senator Fred Mitchell spoke on the deficiencies of the banking sector in The Bahamas when the Senate met to pass three bills: the Financial Reporting Transactions Act; the Proceeds of Crime Act; the Witness Anonymity Act.  The Senate met on 30 April. It was also the occasion to mark the birthday of Senator Jasmine Darrius […]