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article under the tag
bank

July 18, 2025

VIDIC chief’s exit not linked to bank saga, premier says

The sudden exit of the Virgin Islands Deposit Insurance Corporation’s CEO last month was unrelated to the regulator’s action against the Bank of Asia on May 26, according to Premier …

Continue reading “VIDIC chief’s exit not linked to bank saga, premier says”

by Shaun Connolly
Lisa Violet and Ian Smith
October 24, 2024

FirstBank glitch gives customers a scare

Many FirstBank VI customers woke Tuesday morning to find their account balances at zero due to a glitch the bank later described as an “operational issue.” Though officials were silent …

Continue reading “FirstBank glitch gives customers a scare”

by Shaun Connolly
June 19, 2024

Regulator warns banks to shape up

A regulator has demanded that banks in the Virgin Islands cut the long lines for services and treat their customers better or face tougher penalties. The warning from the Financial …

Continue reading “Regulator warns banks to shape up”

by Shaun Connolly
May 23, 2024

Regional regulator blasts Republic Bank

Republic Bank faces an audit after a regional regulator blasted it for belatedly withdrawing money for payments that customers made up to two years earlier. The Eastern Caribbean Central Bank …

Continue reading “Regional regulator blasts Republic Bank”

by Shaun Connolly
May 16, 2024

National Bank urged to offer more

Demands have been made for the National Bank of the Virgin Islands to do more for customers. Opposition Leader Ronnie Skelton recently raised the issue in the House of Assembly, …

Continue reading “National Bank urged to offer more”

by Shaun Connolly
May 9, 2024

Fury at Republic Bank sparks watchdog probe

Republic Bank customers have expressed outrage at the way money was suddenly taken out of their accounts recently, and Deputy Premier Lorna Smith told the Beacon yesterday that she is …

Continue reading “Fury at Republic Bank sparks watchdog probe”

by Shaun Connolly

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