{"id":58175,"date":"2014-04-03T10:24:04","date_gmt":"2014-04-03T14:24:04","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/target\/bob-losses-grow"},"modified":"2014-04-03T10:24:04","modified_gmt":"2014-04-03T14:24:04","slug":"bob-headed-towards-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2014\/04\/bob-headed-towards-bankruptcy","title":{"rendered":"BOB Headed Towards Bankruptcy?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-45590\" alt=\"BOB in trouble\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/12\/small_3.jpg\" width=\"150\" height=\"206\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/12\/small_3.jpg 150w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/12\/small_3-109x150.jpg 109w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/>Bank of The Bahamas has experienced a further slide in its financial position, recording a total comprehensive loss of $5.97 million for the six months leading up to December 2013, a deterioration from the $2.84 million in profit earned during the comparable period the previous year.<\/p>\n<p>Taking into consideration a $1.23 million preference share payout, ordinary shareholders suffered a $7.34 million net loss for the first six months of its 2014 fiscal year, or a $4.17 million net loss for the preceding three months.<\/p>\n<p>The results were significantly worse than the bank\u2019s results in the previous quarter, when it recorded a $1.9 million comprehensive loss, or $3.175 million loss attributable to ordinary shareholders.<\/p>\n<p id=\"mct_ai_excerpt\">Bank of The Bahamas has experienced a further slide in its financial position, recording a total comprehensive loss of $5.97 million for the six months leading up to December 2013, a deterioration from the $2.84 million in profit earned during the comparable period the previous year.<\/p>\n<p id=\"mct-ai-attriblink\"><a href=\"http:\/\/www.thenassauguardian.com\/index.php?option=com_content&amp;view=article&amp;id=46300:bob-losses-grow&amp;catid=40:business&amp;Itemid=2\" target=\"_blank\">Click here to read the complete article at www.thenassauguardian.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just a few weeks ago, Paul McWeeney, Managing Director at Bank of The Bahamas, threatened to sue the PUNCH newspaper for reporting that the bank was in serious financial trouble.  Turns out the paper was right.<\/p>\n","protected":false},"author":17,"featured_media":45590,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[87,98,142,264],"class_list":["post-58175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-banking","tag-financial","tag-incompetence","tag-liars"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/58175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=58175"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/58175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media\/45590"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=58175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=58175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=58175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}