The Bank Ombudsman proposed by Mr. Spicer's advisor would be of benefit to all Bahamians.
For as it stands there is no contingency plaintiff's bar in the Bahamas so the law courts remain open to all men like the doors of the Ritz hotel, to steal a line from Lord Denning.
Equally, it is in the banks' interests to have such an Ombudsman in order to have a sustainable banking industry without the otherwise arguably inevitable expensive litigation.
There are solutions to all of this... - but it requires the banks to also accept their role in creating these issues. You can't just blame it all on Bahamians!
For example:-
Many, many people now feel the public outcry over The Spicer case shows how it can go wrong when the evidence alleges a CDN bank repeatedly does not play fair...
It's not just educational issues. It is also the banking system with a combination of excessive interest rates and often negligence or other wrong doing by the banks that perpetuates a system where Bahamians don't feel they can get ahead, and hence too many of our best want to leave...
After all, the allocation of capital in a civil society is the most important decision:-
Look at the public outcry over the Spicer case, which alleges very serious wrong doing by cibc fcib...
Just in a matter of days the Spicers have over 500 people pledging their support to the Spicers!!!
What support for the Spicers!!! - over 500 people !!!
I just looked at the petition and was stunned - it appears the Spicers have very significant support with already over 500 people that have signed an on line petition to support the Spicers in this terrible case exposing cibc fcib allegedlt significant wrong doing and also supporting their adviser's plans for a Banking Ombudsman for the Bahamas, so as to protect all Bahamians from these types of situations.
Over 500 people have signed the on line petition since it started - which it looks like was on or around March 3rd....
I hear there is now a Town Hall meeting this weekend on Abaco to discuss the public outcry with the way the banks are treating Bahamians, with other upset bank customers coming forward as well....
Over 500 people so quickly? Looks like the community is really behind the Spicers and that the banks operating here have really upset a lot of their customers...
As a former banker from a G8 country I know that banking has to be sustainable and in alignment with the long term needs of the civil society in which it operates, for both the banks and the society/ country to benefit.
Yet the recent concerns of ridiculous spreads on interest rates and the negligence and arguably much more serious wrong doing exposed by the Malcolm Spicer case shows to just blame Bahamians is not only one sided but not in the banks' interest either.
Now that the Spicer lawyers at meridian law chambers, and before them callenders, have filed publicly available affidavits revealing potentially very serious wrong doing, including raising the question of a bank lying under oath - it has to be time to reset this discussion to have a more sobre and realistic appraisal of how to make Bahamian society grow sustainably.
The Spicer case how now led to approaching 500 people signing the petition for better treatment form the banks in just a couple of weeks
As a former customer of FCIB, like so many Bahamians, I know how bad this bank has become. The errors on my account were just like this one - basic maths wrong, negligence all followed by denial. So to read this account just shows it's still ongoing.
I read Gary Brown the new CEO of FCIB wants every customer to have a great story to tell so why is it this chap Spicer has over 200 signatures saying how bad this is? Rumour in Abaco he has leading law firms all helping as the bank is so caught in the headlights on this one...
CIBC if you are reading this there is something very wrong at FCIB and how this Canadian bank is treating Bahamians.
Entrepreneur says...
The Bank Ombudsman proposed by Mr. Spicer's advisor would be of benefit to all Bahamians.
For as it stands there is no contingency plaintiff's bar in the Bahamas so the law courts remain open to all men like the doors of the Ritz hotel, to steal a line from Lord Denning.
Equally, it is in the banks' interests to have such an Ombudsman in order to have a sustainable banking industry without the otherwise arguably inevitable expensive litigation.
On Ombudsman urged to resolve bank disputes
Posted 14 March 2016, 4:31 p.m. Suggest removal
Entrepreneur says...
There are solutions to all of this... - but it requires the banks to also accept their role in creating these issues. You can't just blame it all on Bahamians!
For example:-
Many, many people now feel the public outcry over The Spicer case shows how it can go wrong when the evidence alleges a CDN bank repeatedly does not play fair...
http://www.ipetitions.com/petition/baha…
Over 500 people feel this in fact!!! - and just in days...
The Bahamian people deserve SO much better than what the Spicer case reveals.
On PM slammed over mortgage promises
Posted 12 March 2016, 1:33 a.m. Suggest removal
Entrepreneur says...
It's not just educational issues. It is also the banking system with a combination of excessive interest rates and often negligence or other wrong doing by the banks that perpetuates a system where Bahamians don't feel they can get ahead, and hence too many of our best want to leave...
After all, the allocation of capital in a civil society is the most important decision:-
Look at the public outcry over the Spicer case, which alleges very serious wrong doing by cibc fcib...
Just in a matter of days the Spicers have over 500 people pledging their support to the Spicers!!!
http://www.ipetitions.com/petition/baha…
Over 500 people... including people from all over the world, Canada, US, UK, etc.
On Bahamas may be ‘failed state within 10 years’
Posted 12 March 2016, 1:26 a.m. Suggest removal
Entrepreneur says...
What support for the Spicers!!! - over 500 people !!!
I just looked at the petition and was stunned - it appears the Spicers have very significant support with already over 500 people that have signed an on line petition to support the Spicers in this terrible case exposing cibc fcib allegedlt significant wrong doing and also supporting their adviser's plans for a Banking Ombudsman for the Bahamas, so as to protect all Bahamians from these types of situations.
Over 500 people have signed the on line petition since it started - which it looks like was on or around March 3rd....
I hear there is now a Town Hall meeting this weekend on Abaco to discuss the public outcry with the way the banks are treating Bahamians, with other upset bank customers coming forward as well....
Over 500 people so quickly? Looks like the community is really behind the Spicers and that the banks operating here have really upset a lot of their customers...
On ‘Terrified’ of outcome in CIBC loan dispute
Posted 11 March 2016, 8:37 p.m. Suggest removal
Entrepreneur says...
Totally agree with happyfly.
As a former banker from a G8 country I know that banking has to be sustainable and in alignment with the long term needs of the civil society in which it operates, for both the banks and the society/ country to benefit.
Yet the recent concerns of ridiculous spreads on interest rates and the negligence and arguably much more serious wrong doing exposed by the Malcolm Spicer case shows to just blame Bahamians is not only one sided but not in the banks' interest either.
Now that the Spicer lawyers at meridian law chambers, and before them callenders, have filed publicly available affidavits revealing potentially very serious wrong doing, including raising the question of a bank lying under oath - it has to be time to reset this discussion to have a more sobre and realistic appraisal of how to make Bahamian society grow sustainably.
The Spicer case how now led to approaching 500 people signing the petition for better treatment form the banks in just a couple of weeks
http://www.ipetitions.com/petition/baha…
On RBC: Bahamas debt grows beyond 70% ‘danger zone’
Posted 11 March 2016, 1:13 p.m. Suggest removal
Entrepreneur says...
This comment was removed by the site staff for violation of the usage agreement.
On ‘Terrified’ of outcome in CIBC loan dispute
Posted 2 March 2016, 1:24 p.m.
Entrepreneur says...
As a former customer of FCIB, like so many Bahamians, I know how bad this bank has become. The errors on my account were just like this one - basic maths wrong, negligence all followed by denial. So to read this account just shows it's still ongoing.
I read Gary Brown the new CEO of FCIB wants every customer to have a great story to tell so why is it this chap Spicer has over 200 signatures saying how bad this is? Rumour in Abaco he has leading law firms all helping as the bank is so caught in the headlights on this one...
CIBC if you are reading this there is something very wrong at FCIB and how this Canadian bank is treating Bahamians.
On ‘Terrified’ of outcome in CIBC loan dispute
Posted 29 February 2016, 7:05 p.m. Suggest removal