St. John’s, Antigua – Over 200 people are still employed in the financial services sector years after two major blows [...]

Domestic bankers have closed ranks in solidarity with the struggling Antigua & Barbuda Investment Bank, which, due to a lack of liquidity and ability to meet statutory reserve requirements, is under the management of the Eastern Caribbean Central Bank (ECCB).

At least one senior economist is not falling in line with all those who are expressing hope that the worst has passed for the local banking sector with the Eastern Caribbean Central Bank’s intervention into the struggling Antigua and Barbuda Investment Bank (ABIB).

Chairman of the Ministerial Subcommittee of the Eastern Caribbean Monetary Council Dr Denzil Douglas said on Saturday that the problems facing the Antigua-Barbuda Investment Bank (ABIB) could have resulted in danger to the banking system in the entire sub-region.