Banking

Goldman Sachs is planning to lay off upwards of 3,900 representatives beginning in January as CEO David Solomon looks to help the bank benefit in the midst of financial headwinds. The bank is now planning to slash staff numbers across...

Regency Petroleum Company Limited (RPL) had a successful IPO which saw the firm looking to raise $287.16 million where $170.70 comes from the public market and RPL key partners. It was a success as it was oversubscribed and ended...

NCB subsidiary gets license approval to target the remittance market. This subsidiary TFOB (2021) Limited (The Future of Business), is solely focused on new technologies and is basically responsible for pushing NCB into the future of fintech. One of the...

Proven Group Limited (PROVEN), has finalized the purchase of the remaining shares of its St. Lucian subsidiary, Bank of St. Lucia International Limited (BOSLIL). BOSLIL came under the proven umbrella in 2017, when they purchased 75 percent of the company....

Quantas Financial Group (QFG) is practically a new financial company on the block targeting a certain market that is assumed to be underserved locally and in the Caribbean region. This market is the contractual cash flow market. In finance,...

Delta Captial Group (Delta) will be taking over the credit card portion of Massy Barbados Limited. This deal has been in the works for some time and things are going in the right direction, especially given the fact that...

Scotia Group Jamaica Limited (SGJ) had a successful 3rd quarter, they made approximately $4 billion in profit, net of expenses, for the three months ending July 2022, which was 43 percent more than the approximately $2.8 billion it recorded...

Over the last month, rumors had been swirling around that Dolla Financial sent a takeover bid to Access Financial board members. If that deal was to go through Dolla Financial would be in a good position to further solidify...

Sagicor Financial Company Limited (SFC) is entering the Canadian protection market in the wake of going into a conclusive consent to obtain center market individual life back up plan Ivari in an exchange esteemed at CA$325 million (US$251.27 million)...

National Commercial Bank Jamaica (NCBJ), plans to bring US$300 million up in new obligations on the global market, to be gotten by future receipts from two worldwide card organizations. NCBJ has used the financing structure for a long time, bringing...