trending Market Intelligence /marketintelligence/en/news-insights/trending/LLcQpUrIk3XEFhaqPd_4sA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Belize central bank names new liquidator for Choice Bank

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Belize central bank names new liquidator for Choice Bank

The Central Bank of Belize said it appointed Kareem Michael as the new liquidator for Choice Bank Ltd., effective July 22.

Michael will leave his current position of deputy governor for research, financial supervision and compliance at the central bank as he looks to bring Choice Bank's liquidation "to an effective close."

Choice Bank's license was revoked in June 2018, prohibiting the company from continuing its international banking business. That followed the suspension of its license for prepaid card services in April 2018, after which the lender suspended the withdrawal of deposits and started to phase out the use of its prepaid cards.

"Choice Bank has failed to provide the central bank with a plan, deemed satisfactory, that indicated their ability or willingness to resolve the situation," the central bank said in an earlier statement. "After a special examination at Choice Bank's offices, the central bank concluded that the actions taken by the ownership and management of Choice Bank were insufficient to properly rectify the situation."