Lucayas Bank Bahamas stops trading and placed under administration

Lucayas Bank Bahamas stops trading and placed under administration

25 November 2021 – Lucayas Bank Bahamas Stops Trading and Placed Under Administration: The Central Bank of the Bahamas placed Nassau based Lucayas Bank under statutory administration on the 27th of October 2021. The special administrator initially resumed control over the banks management and operations to ensure financial stability and maintain confidence in the system.

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