Bank deposit guarantees in Antigua and Barbuda

Probably worth someone\’s time finding out what is the system of bank deposit guarantee in Antigua and Barbuda.

Stanford International Bank has, by its own admission, somewhere between $7.5 and $8.5 billion US of liabilities. It\’s an Antiguan bank too.

Total population of Antigua and Barbuda is 85,000 people or so.

If SIB does go tits up that\’s a potential $100,000 each that they owe, depending upon how whatever bank deposit guarnatee system they do or don\’t have is set up.

 

Eeeek!

2 comments on “Bank deposit guarantees in Antigua and Barbuda

  1. I hope that at least one of them dresses like Mr. Depp. Pirates of the Caribbean indeed.

    Still, if you think about the likely customers of banks in the Caribbean, would you really want to have lost their money? I expect some depositors in Colombia would like to talk to these gentlemen. A better deterrent than the SEC.

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