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Sep 08, 2010
Defaulting corporate borrowers gut FCIBJ profit
FirstCaribbean International Bank Jamaica Limited got slammed in the third quarter ending July 31 by lower revenues and loans gone bad, but squeaked by with a near negligible J$337,000 of profit - J$3.71 million with tax credit or 1.4 cents per share.
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Sep 07, 2010
Guardian Holdings Limited Press Release – GHL Shareholders Unanimously Approve US$75 Million IFC Transaction
Guardian Holdings Limited (GHL) is pleased to announce that the final step to closing the proposed US$75miliion investment by the IFC into the equity of GHL by the International Finance
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Sep 07, 2010
Guardian Holdings Limited – Notice to Shreholders - GHL Shareholders Unanimously Approve IFC Transaction
Demonstrating very strong support to the proposed IFC capital raising transaction, the Shareholders of Guardian Holdings Limited voted unanimously in approving
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Sep 03, 2010
New online banking services from Scotia
SCOTIABANK has added cross currency transfers and foreign exchange purchasing to its online banking service.
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Sep 03, 2010
NCB fights back at fraudsters
Don't mess with NCB. That is the message the country's largest indigenous banking institution is sending to fraudsters involved in debit and credit card scams in Jamaica. The police have reported that with the crackdown on the lottery scam, unscrupulous persons have turned their attention to bank card fraud.
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Sep 03, 2010
First Global Bank reduces lending rates
First Global Bank (FGB), a subsidiary of GraceKennedy has announced the reduction in its base lending rates by 200 bases points, or two per cent.
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Sep 03, 2010
FirstCaribbean still struggling to hold its own in banking arena. Reports flat earnings for nine-month period
FirstCaribbean International Bank, the largest indigenous banking entity in the region, continues to struggle to make its presence felt and to pose a real threat to its competitors.
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Sep 03, 2010
JMMB's net profit up 12 per cent in June quarter
Jamaica Money Market Brokers (JMMB) managed to navigate through choppy waters employing diligent skills despite being severely buffeted by foreboding squalls that put its abilities to the test.
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Sep 03, 2010
Sagicor chief keeps faith with Caribbean
President and chief executive officer of the Sagicor Financial Corporation Dodridge Miller believes that once the financial environment settles in the Caribbean, growth will be in excess of ten per cent.
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Sep 02, 2010
Scotiabank Trinidad & Tobago Limited - Appointment of Director
Scotiabank Trinidad & Tobago Limited has advised the Stock Exchange that Mr. Claude Norfolk was appointed a Director of the company on August 26, 2010.
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Sep 02, 2010
LJ Williams Limited - Notice of Annual Meeting
L.J. Williams Limited has advised the Exchange that its Annual Meeting will be held on Friday 17th September, 2010
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Sep 01, 2010
Scotia DBG takes majority share of collective investment market
Signifying a major shift in its business model from repurchase agreements to mutual funds and unit trusts, Scotia DBG Investments (SDBG) has become the dominant player in the market for the combined collective investment schemes with 52 per cent of the US$347.9 million ($31 billion) market.
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Sep 01, 2010
Banks secure interest margins. Financial sector firms pass on post-JDX rates to creditors, maintain pre-JDX margins
FINANCIAL institutions matched reduced income on government paper with even lower payouts to their clients and creditors to maintain margins held before the Jamaica Debt Exchange (JDX), when rates were in the high twenties, a Business Observer survey has shown.
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Sep 01, 2010
Hi-Lo Portmore to open in Nov, hire 50 persons
Approximately 50 persons will be employed at a Hi-Lo Food Stores supermarket to be opened at the end of November in the Portmore Pines Shopping Centre in Portmore, St Catherine.
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Sep 01, 2010
JMMB seeks to triple preference share pool ahead of share issue
JAMAICA Money Market Brokers Limited's (JMMB's) shareholders will decide later this month if they will approve an additional three billion preference shares aimed at raising capital through the issue of a more "attractive" class of investment.
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Sep 01, 2010
Scotia refocusing on customer convenience to grow business
Scotia Group Jamaica Limited says it will be refocusing on core business to grow its customer base, while making it more convenient for clients to do business with the bank as it de-emphasises trading and investment activities.
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Aug 30, 2010
Jamaica passes IMF performance targets, West Kingston fall out limited
International Monetary Fund (IMF) mission head Trevor Alleyne announced at a press conference on Friday that "All quantitative performance targets were met".
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Aug 30, 2010
Scotia loses $150 million in card scams
Scotiabank Jamaica has lost $150 million over the last nine months in debit and credit card fraud, the bank has disclosed.
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Aug 30, 2010
CLICO Mortgage & Finance Corporation (CMFC) sale finally closed
Barbados Public Workers Co-operative Credit Union Limited formally acquired CLICO Mortgage & Finance Corporation (CMFC) on Friday.
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Aug 30, 2010
Government savings bonds up for sale this week
LOCAL investors will have another chance to buy into an issue of Government Savings Bonds which will go on the market from Wednesday.
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