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HSBC may pay fine of $1.8 bn over money laundering lapses

From First Post HSBC Holdings  might pay a fine of $1.8 billion as part of a settlement with US law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter. The settlement with Europe’s biggest bank— which could…

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Central Saanich councillor, living in Caymans, cites ‘unwarranted attacks’ in resignation letter

By Bill Cleverley, timescolonist.com Terry Siklenka has officially resigned from Central Saanich council, citing “unwarranted attacks” on his integrity.  “It is not fair to put myself, my family, or this council in this perceived compromising position even though we have…

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Italian Salvage Ships at the Galley Head

Paddy O’Sullivan traces the history of the Italian salvage company, Sorima, and describes its successful Ludgate operation off the Galley Head in 1934-35 On 19 May 1922, the ageing P&O liner, Egypt, departed from Tilbury, bound for Marseille and Bombay,…

Cayman’s Squash World Open gets ready for action

The Cayman Islands National Squash Association (CINSA) is hosting the 2012 Cayman Squash World Open taking place in the Cayman Islands December 13 -21 The tournament is attracting the best players in the world as can be seen from the…

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Boat runs out of fuel and rescue ensues

An 18 foot boat which ran out of fuel while sailing between Grand Cayman and Little Cayman sparked a search and rescue operation this afternoon. About 12.10pm police received a report that the single engine Grady White, with two people…

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Cayman Swimming in the UK

“A success with personal bests, Island Games and CARIFTA qualifying times and CIASA Records.” CIASA, Grand Cayman, 24 July 2012: Stingray Swim Club members Lara Butler, Geoffrey Butler and Matthew Courtis competed in the South West Regional Short Course Championships,…

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We Love Colors winners donate prize to Homeless to Independence

Congratulations 2012 Halloween Contest Winners! We Love Colors are very happy to announce this year’s winners for our annual Halloween Costume Contest! This year is very special in that two of our winners have decided to donate their prizes to…

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Egypt crisis: Clashes in Cairo amid constitution row

Rival protesters have clashed outside the presidential palace in the Egyptian capital, Cairo, as unrest grows over a controversial draft constitution. More than 200 people were injured as protesters threw petrol bombs and rocks – shots were reportedly fired. Violence…

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Dave Brubeck: Take Five jazz pianist dies

Pioneering jazz pianist and composer Dave Brubeck has died, aged 91. The musician, whose recordings included Take Five and Blue Rondo a la Turk, was once designated a “living legend” by the US Library of Congress. He died on Wednesday…

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Philippines: Typhoon Bopha death toll rises

The death toll from a powerful storm battering the southern Philippines has risen to about 200, as rescue teams arrive in affected areas. At least 156 people are known to have died in Compostela Valley province alone when Typhoon Bopha…