Big Announcement Expected On Scotiabank “Within Weeks”

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Prime Minister Gaston Browne says a major announcement is likely to be made on the Scotiabank in coming weeks.

Browne said he met with Scotiabank officials in Washington last week.

The prime minister said while he cannot give details of the meeting ” I can say definitively that the talks were very positive and that the matter will be settled within a matter of weeks, and it will be settled to the satisfaction of all stakeholders to include the customers, staff and the government.”

Parties reportedly agreed to a gag order when negotiations with Scotiabank and local interest commenced last month.

Speculation is rife that Browne, who is also finance minister will announce the sale of the bank to a local group.

He said, “notwithstanding all of the naysayers, all of the prediction of doom and gloom I have to say we have come to a positive solution on the way forward which will be announced in due course.”

Last month, Scotiabank confirmed that its Antigua and Guyana branches will not be sold to Republic Bank as previously announced.

Browne had been insisting that a local group be given the first right of refusal before the bank is sold. He also threatened to withhold the vesting order, a document needed to complete the sale in Antigua.

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6 COMMENTS

  1. This BIG announcement should muzzle the UPP . BIG UP Hon. Gaston Browne and His Administration. Best In the world. WORLD BOSS

  2. Why not wait until the final agreement is signed before making such announcement. Only hope there is a positive outcome in favour of our citizenry.

  3. A MAJOR ANNOUNCEMENT IS LIKELY TO BE MADE.And the sun will come up tomorrow.There he goes running of the mouth,again.

  4. BLACK-MAN

    I DO NOT BELIEVE YOU ARE FROM ANTIGUA. YOU DO NOT WANT ANTIGUA TO PROGRESS. YOU ARE JUST A COMPLAINER. SIT BACK AND WATCH THE PROGRESS. TAKE OFF YOU BLIND FOLDERS. YOU SHOULD JOIN THE UPP SLATE FOR 2023 . YOU ARE NOTHING BUT A LOSER JUST LIKE THE UPP ORGANIZATION.WHEN IS THE NEXT PROTEST / MARCH ? PLEASE LET ME KNOW . PLEASE DO NOT HAVE THE ELDERLY ON THE STREETS AGAIN. DOES NOT LOOK GOOD TARL. HOPE YOU GET MY POINT. MAYBE YOUR SKULL IS TOO THICK.

  5. @On the move, Question..Why do you always write in all Caps for whole paragraphs? I would like to see what you have to say when you say it in your posts but to be honest, the All CAPS thing hurts my eyes. Please dont get offended

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