GE Healthcare sells radiopharmacy network to now-largest molecular imaging firm in the U.S.

GE Healthcare has sold its entire U.S. radiopharmacy network to privately owned nuclear medicine firm Radioisotope Life Sciences, the pair announced late Monday.

The Tampa, Florida, company now has 31 pharmacies across 18 states, vaulting it to the top of the food chain as the largest pure molecular imaging firm in the nation, according to the announcement.

Private Group RLS (USA) Inc. Acquires GE Healthcare’s U.S. Radiopharmacy Network

TAMPA, Fla.--(BUSINESS WIRE)--RLS (USA) Inc., (Radioisotope Life Sciences) has purchased General Electric’s (GE) U.S. radiopharmacy network, making it the largest pure molecular imaging focused firm in the United States. Capitor, (www.capitor.co) a boutique global financial advisory firm, structured and brought the deal to investors, playing a critical part in the years-long negotiation and collaboration between the parties. Financial terms were not disclosed.

Bahamas and Panama banks under pressure after EU blacklisting

The addition of the Bahamas and Panama to the European Union’s blacklist of countries it deems to have insufficient anti-money laundering controls will pile pressure on the countries’ local banks and lead to spiralling compliance costs, according to local advisors.

Unsurprisingly, last week’s announcement by the EU’s Commission was met by widespread condemnation from Panamanian and Bahamian authorities who said they had been consistently improving their compliance protocols over the past few years.

Bahamas bankers buy Swiss private bank's offshore unit

SYZ Bank’s offshore advisory operation in the Bahamas has been bought by two of its Caribbean-based executives who plan to launch their own advisory and investment business.

The Swiss private bank has sold a controlling stake in the business to Werner Gruner and Daniel-Marc Brunner, who have been running its Bahamas-based office since 2016.

Bank Warns 'Efficiency' Key To Bahamas' Ifc Survival

A Swiss bank that is selling majority control of its Bahamian subsidiary has told this nation to focus on regulatory and ease of doing business "efficiency" to improve its financial centre status.

A SYZ Group spokesperson, responding to Tribune Business questions, said "proactive engagement" with other countries and international regulatory bodies was also critical for The Bahamas to secure its position as an international financial centre (IFC) that will sustain.

Bahamas Bank In Managers Buy-Out

The majority buyout of a Bahamas-based bank by its existing local management team is only awaiting approval from the relevant regulators before it closes, it was revealed yesterday.

The Swiss-headquartered SYZ Group confirmed in a statement that Bahamas-based executives, Daniel-Marc Brunner and Werner Gruner, will become the majority shareholders in its local subsidiary, SYZ Bank (Bahamas).

Gruner: Bahamas, South Africa share unique bond

On October 20, 1985, during the Commonwealth Heads of Government Meeting (CHOGM) in Lyford Cay, former Prime Minister Sir Lynden Pindling led the charge as chairman of the meeting and persuaded the group to agree to what is known as the Nassau Accord, which outlined a renewed approach to increasing pressure and sanctions on South Africa’s then minority apartheid government.

Bahamas-Based Charity Inspires in SA

Bahamas-based charity Starlight Global recently held its signature event, titled A Night of Inspiration, in South Africa. The cultural event, which is designed to motivate people to achieve great things, was held at The Saxon boutique hotel in Johannesburg.

Guests sat down to a formal dinner while by Sibongile Mngoma, a well-known opera singer, performed accompanied by a string quartet.

Bahamas Offers Middle East Hub For Diversifying

A senior Andbank (Bahamas) executive believes the Bahamas can provide asset and investment portfolio diversification for funds flowing into the United Arab Emirates (UAE) from troubled Middle Eastern countries.

Werner Gruner, Andbank (Bahamas) director of private banking, recently visited the UAE as part of the delegation led by Tony Joudi, principal of FTC.

He returned to the Bahamas believing the Bahamas’ economic growth can be tied to the Middle East and North Africa, through the creation of mutual investment opportunities.

Private Bank Doubles Employees In 'Hard Times'

Andbank established full service operation in 2013

An Andorra-based bank which set up a full service private banking arm in Nassau last year has doubled its employees in the past 12 months as it looks to “differentiate” itself from the competition.

Andbank is headquartered in Andorra and owned by the third generation of two families. In 2001 it obtained a banking license in The Bahamas.