15 April 2016 – The liquidators of Caledonian Bank in the Cayman Islands requested the Bahamian court for the recognition of their position. They requested the court’s endorsement to represent Caledonian Bank in the Bahamas, as well as to acknowledge the Cayman proceedings as foreign procedures under Section 253 of the Bahamian Companies Winding-up Amendment
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29 June 2018 – Revocation of License for Choice Bank Limited and Appointment of New Liquidator On 29 June 2018, the licence for Choice Bank Limited was revoked pursuant to section 25 and 27 of the International Banking Act, Chapter 267, Revised Edition 2011 of the Substantive Laws of Belize (the Act). This prohibits Choice
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10 August 2018 – St. Vincent Based Loyal Bank Limited Loses its Banking License A Notice of Revocation has been issued to Loyal Bank Limited, effective 7th August, 2018 pursuant to section 21 (2) (a) of the International Banks Act. Winding up proceedings have commenced against Loyal Bank Limited and the Financial Services Authority will
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25 November 2021 – Lucayas Bank Bahamas Stops Trading and Placed Under Administration: The Central Bank of the Bahamas placed Nassau based Lucayas Bank under statutory administration on the 27th of October 2021. The special administrator initially resumed control over the banks management and operations to ensure financial stability and maintain confidence in the system.
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30 June 2023 - FBME Bank Liquidation Approved In July 2014, FBME Bank entered into special administration following allegations of wrongdoing. Restrictions were placed on incoming and outgoing payments. This was despite the fact that the resolution authority exceeded its authority by proposing the sale of the bank. Account holders of the branch in Cyprus
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