RSSBanking

CIG looks to smooth local charity troubles

CIG looks to smooth local charity troubles

| 04/12/2018 | 29 Comments
(CNS): More than 400 churches, sports clubs, community groups and charities in the Cayman Islands that are registered with government have been experiencing major administrative headaches as a result of the Non-Profit Organisations Law, 2017, which was implemented to deal with the risks posed by of [...]

Continue Reading

Deutsche Bank raided over Panama Papers link

Deutsche Bank raided over Panama Papers link

| 29/11/2018 | 28 Comments
(CNS): German law enforcement officials have raided the Frankfurt headquarters of Deutsche Bank in a money laundering investigation connected to the notorious Panama Papers. German prosecutors allege that two staff members at the bank helped clients launder money from criminal activities using off [...]

Continue Reading

Bank denies any genuine counter-offer

Bank denies any genuine counter-offer

| 27/11/2018 | 17 Comments
(CNS): Cayman National Corporation Ltd has stated that the bank has not received any legal or real offer to purchase its shares other than the deal it has made with Republic Bank Trinidad and Tobago (Barbados) Limited. Although a minority of the shareholders claim that they have pulled together a c [...]

Continue Reading

Determining increases in mortgage interest

Determining increases in mortgage interest

| 26/11/2018
If the US prime rate is 5.25 percent for the month of October 2018, by how much percent should the banks in the Cayman Islands increase their mortgage interest rate? [...]

Continue Reading

Cayman National board fires 15-year president

Cayman National board fires 15-year president

| 15/11/2018 | 108 Comments
(CNS) UPDATED: The president and chief executive of Cayman National Corporation, Stuart Dack, has said that the termination of Ormond Williams, who has been the president of Cayman National Bank for more than 15 years, was a decision by the CNB board of directors and was unrelated to the potential s [...]

Continue Reading

Cayman National sells off 54% of stock

Cayman National sells off 54% of stock

| 17/10/2018 | 35 Comments
(CNS): The Republic Bank of Trinidad and Tobago (Barbados) Ltd has bought a majority share in Cayman National Corporation just over two months after it made an unsolicited offer. An announcement from Republic said that at the end of business on Friday it had received notice from Cayman National th [...]

Continue Reading

Shareholders pave way for bank sale

Shareholders pave way for bank sale

| 11/10/2018 | 19 Comments
(CNS): Despite some dissenting voices, the majority of shareholders of Cayman National have voted to remove a restriction that prevented any single entity from owning more than 10% of the bank’s shares in order to pave the way for its sale to a regional financial corporation. Following a meeti [...]

Continue Reading

CNB reveals directors’ gains in bank sale

CNB reveals directors’ gains in bank sale

| 09/10/2018 | 71 Comments
(CNS): A circular released to Cayman National Bank shareholders on Friday, ahead of the general meeting tomorrow evening, about the bank’s takeover by a regional financial corporation revealed what the directors on the board, the majority of which have recommended that shareholders accept the [...]

Continue Reading

Cayman National board tells shareholders to take deal

Cayman National board tells shareholders to take deal

| 04/10/2018 | 40 Comments
(CNS): The Cayman National board of directors is expected to release a circular Friday about the take-over bid of the local bank by the Republic Bank Trinidad and Tobago (Barbados) Limited, in which it is recommending that shareholders accept the deal. Shareholders in the only Cayman-owned bank wer [...]

Continue Reading

Republic Bank pushes bid for Cayman National

Republic Bank pushes bid for Cayman National

| 18/09/2018 | 45 Comments
(CNS): Republic Bank TT (Barbados) Ltd (RBTTBL), a wholly-owned subsidiary of Republic Financial Holdings Ltd (RFHL), has signed “an implementation agreement” with Cayman National Corporation Ltd in its continued efforts to take over the local financial institution. Shareholders have been offere [...]

Continue Reading

Who controls fees banks can charge consumers?

Who controls fees banks can charge consumers?

| 04/09/2018 | 0 Comments
I would like to know who has authority and oversight of the fees charged by the banks in Cayman. I suggest that you ask your readers about their experiences. [...]

Continue Reading

Cayman News Service