Category: News

Snowden Lane Partners Recognized on the Barron’s Top 100 RIA Firms List for Third Consecutive Year 🇺🇸

NEW YORK–(BUSINESS WIRE)–Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced it has been included in the Barron’s list of the Top 100 Registered Investment Adviser Firms. This is the third consecutive year that Snowden Lane has been named to the list, which showcases the top independent RIA firms nationally. “Barron’s has garnered tremendous respect across the wealth management industry, which only makes our inclusion on this list more…

CBCS moves ahead with the Introduction of the Caribbean Guilder 🇨🇼 🇸🇽

WILLEMSTAD/PHILIPSBURG – With the approval of the Governments of Curaçao and Sint Maarten, the Centrale Bank van Curaçao en Sint Maarten (CBCS) is moving ahead with the project for the introduction of the Caribbean guilder. The CBCS’s aim is for the Caribbean guilder to be introduced in 2024. Preparatory work for the introduction of the new currency began in 2019 but was suspended in 2020, pending the assessment by the IMF of the pros and cons of introducing a currency…

CIBC FirstCaribbean To Close Its Business In Dominica 🇩🇲

Bridgetown, Barbados, 2nd September 2022. FirstCaribbean International Bank (Barbados) Limited (“FirstCaribbean”) announced today that it will cease its operations in the Commonwealth of Dominica on 31st January 2023. Managing Director for Barbados and the OECS, Donna Wellington, noted: “Decisions like this are never easy, and never taken lightly, as we are mindful of the impact on our employees and our customers. We have made this decision in light of our stated strategy of simplifying our structure and following the sale…

Cayman National and Republic Bank Cayman Announce Merger Plans 🇰🇾

Republic Financial Holdings Ltd (RFHL) has announced that subject to all regulatory approvals its Board has approved the merger of two of its subsidiaries, Republic Bank (Cayman) Ltd (RBKY) and Cayman National Bank (CNB). Republic said RBKY’s entire book of business will be transferred to CNB and upon the effective date of the merger, CNB will be the surviving entity and RBKY will no longer be a subsidiary within the Republic Group of companies. A press release from the Cayman…

1st National Opens In St. Vincent and The Grenadines 🇱🇨 🇻🇨

Pursuant to its acquisition of RBTT Bank Caribbean Limited in St. Vincent and the Grenadines, 1st National Bank St. Lucia Limited announced it has obtained its Banking License from the Eastern Caribbean Central Bank (ECCB) to operate the banking business, an achievement, it says, will pave the way for new growth opportunities as it expands its footprint within the region. Rebranding of RBTT Bank Caribbean Limited was the first step after the acquisition. Preparations are now underway for integration of…

1st National (St Lucia) Finalises Acquisition of RBTT Saint Vincent & the Grenadines 🇻🇨

The Eastern Caribbean Central Bank (ECCB) has advised that effective 1 August 2022, the operations of RBTT Bank Caribbean Limited in Saint Vincent and the Grenadines (RBTT SVG) will cease, following 1st National Bank St. Lucia Limited’s (1st National) acquisition of RBTT SVG. As a result, RBTT Bank Caribbean Limited will become a branch of 1st National Bank St. Lucia Limited as of Monday, 1 August. The ECCB, in consultation with the ECCB Monetary Council, approved the application for the…

Caribbean Association of Banks and Freedom Seal Global ‘go blue’ to end modern slavery 💙

Commitment to #EndModernSlavery comes ahead of UN’s World Day Against Trafficking in Persons on July 30th SAINT LUCIA, JULY 12TH – The Caribbean Association of Banks (CAB) is joining Rani Hong, a survivor of child trafficking and CEO of the Freedom Seal Global, in going blue to show their commitment to end modern slavery and human trafficking. The commitment from the CAB comes ahead of the United Nations’ World Day Against Trafficking in Persons, to be marked on July 30th.…

Largest Indigenous Bank in the ECCU Joins DCash Pilot 🇰🇳

The St. Kitts-Nevis-Anguilla National Bank Limited (SKNANB), the largest indigenous commercial bank in the Eastern Caribbean Currency Union (ECCU), recently became the newest financial institution to join the DCash Pilot. With SKNANB’s enrollment in the pilot, it means that its retail and corporate customers can now sign-up for a DCash wallet. DCash, the digital version of the EC dollar, provides a Safer, Faster, Cheaper way to transfer funds and process payments. SKNANB is now the twenty-first financial institution in the…

Dr Jide Lewis appointed deputy governor at the Bank of Jamaica 🇯🇲

Career central banker Dr. Jide Lewis has been appointed to the position of Deputy Governor, Financial Institutions Supervisory Division and as Deputy Supervisor of Banks, Financial Holding Companies, and Other Specified Financial Institutions (“Deputy Supervisor”) of the Bank of Jamaica, with effect from 16 June 2022. In this capacity, he will have responsibility for ensuring the relevance and adequacy of the legislative and regulatory framework and operational infrastructure to satisfy the statutory and supervisory responsibilities necessary to support the Bank’s financial system stability…

Republic Bank (EC) Limited Launches a New Sustainable Energy Suite Package 🇱🇨

Castries, Saint Lucia: Republic Bank (EC) Limited has announced a new sustainable energy suite package as part of its service offering to clients. According to Michelle Palmer-Keizer, Managing Director of the Bank’s EC operations, “This ground-breaking sustainable energy suite is directly linked to our leadership role in supporting sustainable development goal attainment in the region.  Specifically, we are keen to move the needle on climate action and the availability of affordable and clean energy. Whether a business owner, an investor or…