Global Bank of Commerce Limited (Antigua) insolvent?

[cappy]

Global Bank of Commerce Limited (Antigua) currently being sued (link) for not paying out over $10MM to depositor.

 

[Martin Everson]

Never heard of this bank. One look at their wire instructions shows they all changed beginning of the year. I don't think anyone here would use such a bank but then people sued Euro Pacific Bank so who kows .

 

[Sols]

They were one of the most popular banks in Antigua for a while. Practically every corporate service provider worked with them. IIRC, they were a decent option among their peers. Times have been hard for these types of banks, though.

 

[ImKing]

Never heard of this bank. One look at their wire instructions shows they all changed beginning of the year. I don't think anyone here would use such a bank but then people sued Euro Pacific Bank so who kows .

not all have the insides as you have

 

[johndoe777]

Their corresponding banking relationships (the lack of!) killed their business. This has been going on for years. Funds where stuck in GBC for 2 to 3 years now with VERY limited options to move any in or out..