Archive for November 22nd, 2014

Driver killed in car smash

| 22/11/2014 | 36 Comments

(CNS): A 39 year old Caymanian man was killed in the early hours of Saturday morning in a single vehicle collision close to the Lighthouse restaurant in Breakers. Police said the driver who was the sole occupant of the black BMW collided with a light pole at around 1:20am this morning. The man local had been travelling west from East End when the smash happened. Police have not yet confirmed the cause of what appears to have been a high speed collision but the driver may have been drunk-driving. He was taken to George Town Hospital where he was pronounced dead.

The RCIPS said they are seeking witness to the smash and anyone who was in the vicinity who may have witnessed the collision or have any information that can assist the investigation is asked to contact George Town Police Station at 949-4222.

Continue Reading

RBC shutting down Caribbean wealth management

| 22/11/2014 | 0 Comments

(CNS Business): The Royal Bank of Canada is pulling out of the wealth management business in the Caribbean, a decision that will impact Cayman jobs though the number of workers that will be hit has not yet been confirmed. This is the second Canadian bank with branches in the Cayman Islands that appears to be cutting its losses in the region after Scotiabank confirmed the closure of 35 branches in the Caribbean, with a potential loss of over 500 jobs. A spokesperson from Royal Bank’s Canadian HQ told CNS via email that the decision by that bank would not impact retail operations here but that RBC Wealth Management is “realigning” businesses within its international operations. Read more on CNS Business

Continue Reading