Highlight: Why has 1MDB parked RM7.5b in Cayman Islands?
By M Shanmugam of theedgemalaysia.com Until 1Malaysia Development Bhd (1MOB) explains why It has put US$2.318 billion (RM7.55 billion) In a fund in the Cayman Islands, the government-funded investment unit will continue to come under scrutiny. Considering that the principal…
HFA choose Bodden and Nicholson as co-directors
From Hispanic Business Hedge Fund Association chooses Christina Bodden and Colin Nicholson as Co-Directors of Cayman Islands Chapter The Hedge Fund Association (“HFA”) announced the appointments of Christina Bodden and Colin Nicholson as Co-Directors of the HFA’s Cayman Islands Chapter….
Cayman’s role in the aircraft industry as a significant international financial services Centre
Sherice Arman, an attorney in Maples and Calder’s Cayman Islands office, is writing on behalf of the Civil Aviation Authority of the Cayman Islands (CAACI) In today’s world, where the time value of money is critical, many more companies and…
“Cayman Islands Non Life Insurance: Market Update” Published
New Insurance market report from Timetric: “Cayman Islands Non life Insurance: Market Update” Boston, MA — (SBWIRE) — 12/27/2013 — This report is the result of Timetric’s extensive market research covering the non life Insurance market in Cayman Islands. It…
Two Kookmin Bank employees to stand trial over massive illegal lending
Yonhap News Afency From Global Post SEOUL, Dec. 29 (Yonhap) — Two employees of Kookmin Bank’s unit in Tokyo have been indicted on charges of extending illegal loans worth 400 billion won (US$380 million) to Korean companies operating in Japan,…
Caribbean Diversified Investments Inc. announces delay in filing of audited financial statements
TORONTO, ONTARIO–(Marketwired – Dec. 30, 2013) – Caribbean Diversified Investments Inc. (formerly 0924885 B.C. Ltd.) (CNSX:HDC) (“CDI” or the “Company”) wishes to advise that there will be a delay in the filing of its audited financial statements, MD&A and AIF…
American Express to refund $59.5M over bad billing & deceptive marketing
By Chris Morran From Consumerist About 15 months after getting slapped around by the Consumer Financial Protection Bureau to the tune of $112.5 million for a variety of bad business practices, the CFPB put another huge lump of coal in…
Sagicor to get £86m from sale of Europe assets
By Aleem Khan From Guardian Media T&T The Sagicor Financial Corporation (SFC) has received approval from the regulatory authorities in the United Kingdom and the Cayman Islands to sell Sagicor Europe Ltd (SEL) and its subsidiaries, which include Sagicor at…
CIBC FirstCaribbean named Bank of the Year 2013
by Bajan CIBC FirstCaribbean International Bank’s Barbados business has been awarded the prestigious Bank of the Year 2013 by The Banker Magazine. Remarking on the award, Rik Parkhill, Chief Executive Officer (CEO), CIBC FirstCaribbean International Bank, said the bank was…
Suriname admitted to Caribbean Development Bank
From Share News Canada PARAMARIBO: The Caribbean Development Bank (CDB) has admitted Suriname as a full member of the financial body. The nation will now have easier access to subsidized loans that will boost development projects. “Suriname has a sound…
