Tag: Cayman Islands Bankers Association
Banks ‘disappoint’ in refusal to delay rate hike
(CNS): Premier Wayne Panton is disappointed that the local high street banks have refused to delay implementing the latest interest rate hike, even though there is no need for them to keep pace with the US Federal Reserve. Interest rates have increased in the Cayman Islands ten times in just over a year, adding to […]
Local banks’ clearing house reveals hack
(CNS): ACH (Cayman) Limited (ACH), which was created by the local high street banks, has been hacked, according to officials from the Cayman Islands Bankers Association, who said malware was detected on the Cayman server. A statement released by CIBA said they were alerted to the appearance of malware in the third party processor on […]
