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Grenada’s offshore banking industry plumbs new depths

Petitions to wind-up five offshore banks were presented at Grenada High Court on July 24, 2003.The banks were Bank Crozier Ltd., DIAK Bank Ltd., Anglo American Bank Ltd., Wellington Bank & Trust Ltd., and Cornerstone International Saving & Investment Bank Ltd.

Bank Crozier proposes reconstruction plan in Grenada

Grenada's oldest offshore bank, Bank Crozier Ltd., will this week submit a reconstruction plan to the local regulator in an attempt to stave off liquidation.Peter Johansson, the bank's CEO, told OffshoreAlert that $2.6 million of new capital has been pledged