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The Global Bank of Commerce has released a statement denying media reports that a Chinese investor is in talks to acquire the bank.
The allegations were made in an article by Real News, but the bank has refuted them, stating that it is not engaged in any purchase negotiations with the said investor.
The bank has also clarified that the investor in question has been accused of financial crimes by the news blog, and the bank has no association with such activities.
The bank has assured its clients and the public that their regulatory authorities are aware of the situation and that the depositors’ funds are safe and not at risk due to the claims made by Real News.
The bank has further stated that the unfounded and defamatory allegations are causing unnecessary fear and uncertainty among the public.
REAL News Antigua has responded swiftly to a statement made by the Global Bank of Commerce (GBC) on April 4, in which the bank accused the news organization of claiming that a Chinese investor was buying it.
In response, the management of REAL News has urged the GBC to reconsider its statement.
The news organization stated that the bank’s financial difficulties have not only been made public by Jack Stroll, a depositor who sued the institution and its CEO Brian Stuart-Young, and won a judgment against them, but it has also been publicized by Prime Minister Gaston Browne.
The management of REAL News argued that any fear and uncertainty over the bank’s financial situation would have been generated long ago by the aforementioned instances.
REAL News stresses that it has made absolutely no statements suggesting that GBC has been bought or is in any purchase negotiations with this individual or any
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