Daily Archives: July 29, 2015

Caribbean justice: Bank collapse settles after 30 years

Pennies on the Dollar

Joke of the Day – Pennies on the Dollar…

“… tremendous relief to the many suffering depositors”

BASSETERRE – Clients who lost money when the Bank of Commerce closed some 30 years ago were put on alert by Prime Minister Dr Timothy Harris that a legal settlement had been arrived at that allowed for the payment of $15 million.

Prime Minister Harris made the revelation during today’s sitting of National Assembly.  He noted that the court settlement will bring “tremendous relief to the many suffering depositors in the Bank of Commerce,” noting that “a fresh start has now come to the depositors.”

… read the entire sad tale at the Nation News

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Filed under Business & Banking, Consumer Issues, Corruption