Dominica regulators take over Investors Bank and Trust

By David Marchant

22 years ago

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Keywords

Christopher Stone Gary McDuff Investors Bank and Trust Overseas Development Bank and Trust Terry Dowdell

Investors Bank and Trust Ltd., formerly known as Overseas Development Bank and Trust Ltd., has been taken over by regulators in its home jurisdiction of Dominica.PricewaterhouseCoopers was appointed controller of the bank on August 20, 2002 because IBT was “insolvent” and “unable to meet its obligations”, according to Prime Minister Pierre Charles.

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