September 19, 2018

RFHL makes offer for Cayman Islands bank

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From Guardian Trinidad & Tobago Republic Financial Holdings Limited (RFHL) announced yesterday (6) that it is in discussions with Cayman National, the parent of Cayman National Bank Ltd, for potential acquisition of a majority stake—at least 51 per cent and up to 74.99 per cent in the bank. According to a notice sent to the […]

Bank sale! Is Cayman Islands RBC to be sold to NCB?

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From IC Insider Will NCB pick up RBC Cayman? Hot on the heels of an agreement to sell RBC Royal Bank (Suriname) N.V. (“RBC Suriname”), to Republic Bank in Trinidad, word reaching IC Insider is that Royal Bank’s operations in the Cayman Island is being sold. The bank’s website shows three branches in that territory. […]

The Editor Speaks: Banks transaction fees continue to rise

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*An excellent article from the Jamaica Gleaner has been published in iNews Cayman today. Entitled “Fixing fees for profit”, Arthur Hall, Gleaner’s Senior News Editor shows from a just-concluded study by the local think tank, Caribbean Policy Research Institute (CaPRI), that “the income earned by banks from fees and commissions has increased significantly in many […]

Fixing fees for profit

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By Arthur Hall, Senior News Editor, From Jamaica Gleaner NOTE: The dollar amounts mentioned in this story are Jamaican Dollars (1 Jamaican Dollar equals 0.0091 US Dollar) Banks increase earnings from transaction charges -CaPRI A just-concluded study by the local think tank, Caribbean Policy Research Institute (CaPRI), has found that the income earned by banks […]