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Originally Posted by maxpower
Yes from what I was told the bank is now been shutdown
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http://www.thestkittsnevisobserver.c...tley-debt.html
Incredible! Is this a state bankruptcy? It is a long article, but here is a snippet..
Quote:
Main Opposition Party on St. Kitts, People?s Action Movement (PAM), has questioned the financial status of the National Bank, saying failure to produce the audited accounts for 2009 could be an indication that something is amiss.
?Is our National Bank in trouble? The national economy is experiencing significant difficulty and the last thing anyone would like to contemplate is trouble in our largest indigenous bank. It is reported by sources close to the bank that the Annual General Meeting has been postponed without a date set because the auditors have refused to sign off on the accounts that should be made available to shareholders at the AGM. Information is scarce about the precise objections being raised by the auditors, and this lack of information is fueling ever wilder rumors,? a PAM press statement claims.
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