Banks news


Adam and Co to close in two years

A PRIVATE bank in Guernsey has announced it intends to close and leave the island within the next two years.


A new look for Smith Street branch

CUSTOMERS using Lloyds TSB’s Smith Street branch have been experiencing a new look and feel after an extensive refurbishment of the bank.


‘Embarrassed to ask for my money’

A MADEIRAN man who lives and works in the island feels discriminated against after his bank would not let him take out his money without proving what it was for.


Shock treatment tests local banks’ resilience

STRESS tests of Guernsey’s banking and insurance sectors show they would not be immune from the effects of a significant macroeconomic shock.


Documentation is key as banks tread fine line over laundering

BANKS in Guernsey should protect themselves when reporting suspected money launderers to financial service authorities, a local lawyer has warned.

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