FirstCaribbean International Bank – Home
FirstCaribbean International Bank-Jamaica Lagging!
What’s taking FirstCaribbean Int. Bank so long to offer card users access to their credit card transactions online?Customers are forced to call their call center, waste time waiting for someone to answer, then waste time going through the routine of answering some ridiculous questions under the guise of verifying our identities before getting assistance. All the other banks have been offering their customers these services for some time now and I suspect that if FirstCaribbean cannot keep up with the changes in technology, they may find that customers will migrate to the other networks. The management needs to remember that employers look negatively on workers who use their networks for personal purposes. Things like asking for time off to go to the bank, pay bills or making a phone call for information on a credit card should be thing of the pass.
Capital & Credit Fund Managers
Beware of Capital & Credit Fund Managers’ performance charts.
Potential investors should be wary of Web-sites used by the various financial institutions that are competing for their hard earned cash. One should remember that information published on Web-sites is not necessarily audited information and so one has to be careful how the data are interpreted. For example, if you look at the Web-sites of some of the ‘Alternative Investment Schemes’, you would get the impression that these are large international conglomerate firms. Most are in fact no more than ‘Ponzi schemes’ relying on ‘fresh blood’ with their deep pockets to continue paying out the excessive interest rates to their current members. As long as they can maintain interest in the scheme it will continue to grow and members will be happy. This strategy is destined for failure however as the market for new investors will dry up. When this point is reached it will be the beginning of the end of the scheme.
Now, I am not suggesting that Capital & Credit Merchant Fund Managers are behaving like ‘ Ponzi schemes’ but the way some parts of their Web-site has been presented makes you wonder if they are not being less than honest. When you look at the page that gives information about the Income and Growth Fund, the first thing that catches your eye is the ‘Income and Growth Fund 5 Year Performance ($)’. This chart shows very significant growth over the period January 2001 to July 31, 2004. The problem that I have with this chart is that the information is not current. This chart has not been updated for years. I think it is about time that they update the chart with more current data. I know of investors that have complained that the fund is performing poorly despite the use of terms such as ‘our expert professionals’, ‘invested primarily in ‘blue-chip’ stocks’, used on the Web-site.
Give potential investors up-to-date information and let them decide intelligently whether to invest of not. Maintaining an out of date chart that catches the eye on the Web-site can be interpreted as a way of ‘pulling the wool over our eyes’.
