Amidst the rise in social engineering and other cyber threats, several commercial banks have implemented new procedures and tools to limit the risk posed to customers in the rapidly evolving digit.
As deposit-taking institutions (DTI) continue to hike interest rates on existing and new loans, customers will now see a new round of increases and decline in free services in the next month. .
AFTER getting doused by an increase in interest rates by various deposit-taking institutions (DTI) earlier this year, customers of three commercial banks can expect a more expensive new year as th.
FirstCaribbean International Bank (Jamaica) Limited (FCIB) will be hiking the interest rate on existing variable rate loans by 50 basis points or 0.50 per cent on November 1 as the Bank of Jam.
VICTORIA Mutual Investments Limited (VMIL) will be increasing the interest rate charged on loans by 200 basis points (2.00 per cent) effective September 1 as the Bank of Jamaica's (BOJ's) policy r.