End to trade dispute

The strike action commenced on 29 June 2023 relative to a trade dispute between the Bank and the Union for a New Collective Agreement. On Friday, 21 July 2023 at about 6:30 pm both parties signed a Memorandum of Understanding (MoU) bringing to an end the negotiation process and cessation of strike action on the […]

Co-op Bank successfully transfers CIBC FirstCaribbean Business in Grenada

Customers are now able to access Co-op Bank’s full suite of financial solutions through its conveniently located Retail Banking Units, CONNEX ATMs and eBanking (online) platform. An acquisition of this magnitude marks a significant milestone in the Bank’s 90-year history. It involved the migration of over 13,000 customers, Loans valued at EC$154 million and Deposits […]

Republic Bank: Revised offer for settlement

This Offer, when compounded with the Bank’s pay for performance merit arrangements takes the pay-out to members of the bargaining unit on average to 16.23%, well over the 12.25% that the Minister had tabled. The Bank continues to negotiate with the Union to find a resolution that is fair to all parties and has in […]

CARICOM heads to address 30th annual meeting of Africa Ex-Im Bank

Several leaders from the Caribbean Community (CARICOM) will deliver speeches or address panel discussions as the African Export-Import Bank holds its 30th annual meeting from Sunday to Tuesday. The anniversary celebration, under the theme “Delivering the Vision, Building Prosperity for Africans”, is the first gathering of Global Africa — a people with shared identity and […]

Mastercard, Caribbean Association of Banks Inc Sign MoU

Mastercard, a global technology company in the payments industry, has announced the signing of a Memorandum of Understanding (MoU) with the Caribbean Association of Banks Inc (CAB), the representative body and recognized voice for banks and other financial institutions in the Caribbean.

First St Vincent Bank Ltd Placed Under Receivership By ECCB

The Eastern Caribbean Central Bank (ECCB) in exercise of the powers conferred under Section 138 of the Banking Act No 4 of 2015 of the laws of Saint Vincent and the Grenadines has appointed a Receiver for First St Vincent Bank Ltd (FSVB) with effect 26 May 2023. FSVB has been providing banking services to […]


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