Beautiful Virgin Islands

Wednesday, May 20, 2026

Not Enough! Finance Minister Blasts Banks

Not Enough! Finance Minister Blasts Banks

The banking sector in the Virgin Islands came under heavy criticisms from Premier and Minister of Finance, Hon. Andrew Fahie who said they are not doing enough to help residents during the economic fallout from COVID-19.
During the House of Assembly sitting on Tuesday, September 22, Premier Fahie said that he is prepared to write the banks for the third time to get them to help residents.

"I am challenging the banks to sit down, go to your head offices and fight for your people...whatever they offering a broad let them offer it here. .. let's see how we can help our people because more can be done and more has to be done in the COviD19 era," the Premier stated.

The Premier added, "I have told the banks that if you need a policy passed to help the people more let me know."

Hon. Fahie stated that there should be programmes coming out of the bank like rain on how to help the people till when they catch themselves.

He stated that anyone trying to operate regular policy during COVID-19 shows that you are out of touch, willful, evil or you just don't know what to do.

"I am challenging the banks and I say it without fear or favour. I am challenging them to do better among the people during the COVID-10 era. I don't care what they tell me about who behind. People are behind because they don't have the money...we have to find a way to help the people during this time," the Premier stated.

He stated that a bank never loses and urged the institutions to extend the moratoriums on loans.

The Premier shared that generally, some bank officers place obstacles in the way of businesses and individuals.

"....And they sitting down in the Eiffel hill tower of jobs getting big salaries and don't understand that you out there dealing with the pain of the people and you trying to get them through the lens of the people that are hurting so that they can get the help to the people," the Premier stated.

He stated that he too became frustrated as Premier.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
'They're people from all walks of life across the UK'
EU Digital ID Claims Misstate What Brussels Can Legally Force on Member States
The Great Western Exit: Why Best Citizens Are Fleeing the Rich World [PODCAST]
The New Robber Barons of Intelligence: Are AI Bosses More Powerful Than Rockefeller?
The End of the Old Order [Podcast]
Britain’s Democracy Is Now a Costume
The AI Gold Rush Is Coming for America’s Last Open Spaces [Podcast]
The Pentagon’s AI Squeeze: Eight Tech Giants Get In, Anthropic Gets Shut Out [Podcast]
The War Map: Professor Jiang’s Dark Theory of Iran, Trump, China, Russia, Israel, and the Coming Global Shock [Podcast]
Labour Is No Longer a National Party [Podcast]
AI Isn’t Stealing Your Job. It’s Dismantling It Piece by Piece.
Lawyers vs Engineers: Why China Builds While America Litigates [Podcast]
Churchill’s Glass: The Drunk, the Doctor, and the Myth Britain Refuses to Sober Up From
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
The Met Gala Meets the Age of Billionaire Backlash
Russian Oligarch’s Superyacht Crosses Hormuz via Iran-Controlled Route
Gunfire Disrupts White House Correspondents’ Dinner as Trump Is Evacuated
A Leak, a King, and a Fracturing Alliance
Inside the Gates Foundation Turmoil: Layoffs, Scrutiny, and the Cost of Reputational Risk
UK Biobank Breach Exposes Health Data of 500,000, Listed for Sale on Chinese Platform
KPMG Cuts Around 10% of US Audit Partners After Failed Exit Push
French Police Probe Suspected Weather-Data Tampering After Unusual Polymarket Bets on Paris Temperatures
×