US banks post record profits in first quarter
By Nick Barrickman World Socialist Web Site Profits for the US banking industry rose in the first quarter of 2013 to a record $40.3 billion, according to a report released by the Federal Deposit Insurance Corporation on Wednesday. The WSWS…
Meet Ernie, the Mancunian turtle [from Cayman islands] addicted to sprouts
By Amy Colin, Guardian UK This 60kg beast, star of Manchester’s new Sea Life Centre, eats 500g sprouts, three times a day. And only one brand will do… Yes, you read that correctly. The 60kg turtle, rescued from a farm…
Bahamian production company delivers live satellite video feed to Good Morning America, ABC News and WPLG
From Bahama islandsinfo FREEPORT, Grand Bahama — The recent news story about the fire that took place on the Royal Caribbean Grandeur of the Seas ship, which took refuge at Freeport harbour after the incident, has been picked up by…
CUC announces Senior Unsecured Notes Closing
Caribbean Utilities Company, Ltd. Announces Closing of US$50 Million Private Placement of Senior Unsecured Notes CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE. Grand Cayman, Cayman Islands-…
[Bahmas] Prime Minister presents 2013/14 Budget Communication
From Bahamas islandsinfo Prime Minister the Rt. Hon. Perry G. Christie arrives to present the 2013/14 Budget Communication in the House of Assembly, Wednesday, May 29, 2013. (BIS Photo/Peter Ramsay)NASSAU, Bahamas — Prime Minister the Rt. Hon. Perry G. Christie…
Coutts names new head of marketing, UK Business Development
Natasha Taghavi Reporter in London, Wealth Briefing Coutts, the UK-headquartered private bank, has appointed Sarah Wyse to the newly-created role of managing director, head of marketing and UK business development. Based in London, Wyse will report dually to Michael Morley,…
Will Home Loan Servicing Solutions Finance Profits For Investors?
By Christina Wise, Investor’s Business Daily Today we’re going to look at Home Loan Servicing Solutions (HLSS), which is based in the Cayman Islands. It was started by executives from Ocwen Financial (OCN), and was featured in a New America…
Sochi Olympics a ‘monstrous scam’ – Russian opposition
BBC As much as $30bn (£20bn) has been stolen in preparations for next year’s Winter Olympics in Sochi, Russian opposition leaders say. Boris Nemtsov and Leonid Martynyuk say the games are “a monstrous scam” and will be the most expensive…
CEC moves closer to 100 companies
Cayman Enterprise City’s (CEC) overseas trips to Silicon Valley and Toronto producing results High tech Special Economic Zone in the Cayman Islands is moving closer to its goal of having 100 companies by the end of 2013 following two successful…
Former hedge fund manager pleads guilty to wire fraud
By Jeff Ostrowski – Palm Beach Post Staff Writer PALM BEACH — Paul Pomfret, a former hedge fund manager who played tight end for Penn State’s national championship football team in 1986, faces up to 20 years in federal prison…