ECCB disposes stake in former Stanford bank

Caribbean beach

The Eastern Caribbean Central Bank (ECCB) has sold its remaining holdings in the Bank of Antigua, a former lender that was at the centre of a Ponzi scheme led by financer Allen Stanford.

In a letter published on Thursday, Trevor Brathwaite, deputy governor of Eastern Caribbean Central Bank, said it had "relinquished" control of assets and liabilities held by the Bank of Antigua, which has since been renamed the Eastern Caribbean Amalgamated Bank (ECAB). ECAB was created in July 2009 following

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