Bankers’ bonuses: Shareholders wary of making allowances
By Jamie Robertson, Presenter, BBC World News Bonuses are down but pay is accelerating for bankers in the fast lane Bankers’ bonuses are not what they were. Don’t get me wrong. They haven’t shrunk in any way. Far from it….
iNews Briefs
Cayman Airways experiences long delays over last 2 weeks The National Carrier of the Cayman Islands, Cayman Airways, has been very tight lipped over a plague of delays over the last two weeks. According to data collected on FlightAware, an…
Charities Bill, 2014 submitted for public consultation
The Portfolio of Legal Affairs submits for public consultation the Charities Bill, 2014. The issue of the regulation of charities has been longstanding and there remains an urgent need to ensure that a proper legislative framework is in place which…
Failure to Launch: Cayman Court has “Scant Sympathy” for Plaintiff who did not serve writ in time
From Appleby Weavering Macro Fixed Income Fund Limited (In Official Liquidation) (the “Plaintiff”) was a Cayman investment fund which made headlines in 2009 when it emerged that the counterparty for its biggest trading position was controlled by the fund’s manager….
Barclays to shed 19,000 jobs over three years
By Sophia Yan From CNN Barclays announced another wave of job cuts Thursday, pushing the total over three years to 19,000 as it takes the knife to its investment bank. The investment bank division will shed as many as 7,000…
Cayman’s utility provider announces increased profits
CUC announces first quarter results for the period ended March 31st, 2014 Caribbean Utilities Company, Ltd. is listed for trading in United States dollars on the Toronto Stock Exchange. GRAND CAYMAN, Cayman Islands, May 8, 2014 /CNW/ – Caribbean Utilities…
Guyana finance minister praises Caribbean Development Bank
BRIDGETOWN, Barbados, CMC – Guyana has praised the Barbados-based Caribbean Development Bank (CDB) as an institution that has distinguished itself in its service to the region and has proven to be a reliable and effective development partner. Guyana’s Finance Minister…
Apple set to buy Beats Electronics for $3.2 billion
By Joe Cox From What Hifi? Apple is reportedly set to buy Beats Electronics in a $3.2 billion deal, which would be the largest ever acquisition by Apple. The deal would see Apple take control of the Beats by Dre…
Carey Olsen boosts Cayman litigation practice with senior hire
Jan Golaszewski has joined Carey Olsen’s Cayman Islands office as counsel in the dispute resolution and litigation department. The appointment follows the launch of Carey Olsen’s Cayman Islands litigation offering in September 2013 with the appointment of partner Michael Makridakis…
Credit Suisse, US ‘in tax probe payment talks’
From Taipei Times Credit Suisse Group AG is in talks with the US Department of Justice (DOJ) to pay as much as US$1.6 billion to resolve an investigation into the bank’s role in helping US citizens evade taxes, a person…
