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...
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...
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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