Finance
Silicon Valley Bank closed in largest US bank failure in over a decade
(CMR) Financial regulators closed Silicon Valley Bank Friday and took control of its deposits in the largest U.S. bank failure...
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Government seeks public’s opinion on new banknotes
(CMR) In light of the passing of Her Majesty Queen Elizabeth II, Cayman's local currency will be phased out and...
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Cayman’s Government borrows $150m from Butterfield Bank
(CMR) The Cayman Islands Government reportedly borrowed US$150 million from Butterfield Bank last year. This is a large part of...
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Cayman remains on FATF grey list
(CMR) The Cayman Islands has remained on the Financial Action Task Force (FATF) grey list. The FATF has urged the...
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Kim Kardashian charged for unlawfully touting crypto security
(CMR) The Securities and Exchange Commission has announced charges against Kim Kardashian for touting on social media a crypto asset...
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Fidelity rebrands as Proven Bank promising opportunities for locals
"PROVEN Bank (Cayman) is committed to the Cayman community and will continue to provide excellent sustained employment opportunities for the...
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Consumer prices increased by 12.1 percent in second quarter of 2022
(CMR) The Consumer Price Index (CPI) increased by 12.1 percent in the second quarter of 2022 when compared to the...
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Cayman’s economy expanded by 1.7% for first 9 months of 2021
(CMR) The Cayman Islands' gross domestic product (GDP) indicated that economic activity increased by an estimated 1.7% in the first...
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US replaces Cayman as top enabler of financial secrecy
(CMR) The Cayman Islands is no longer the top country that helps individuals hide ownership of assets after dropping to...
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Cayman’s GDP declined in 2020 after 9 years of growth
(CMR) Cayman's Gross Domestic Product (GDP) estimate for 2020 shows that the local economy contracted by 5.7%, reversing nine consecutive...
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