Has anyone else noticed how all the major bankers are lining up to tell us how the take over of RBTT by RBC won’t affect competition in the Barbados banking market place? First John Beale and now Oliver Jordan who are both saying the same thing….
You’ll pardon us but somehow we can’t see that the removal of one of the major banks from a marketplace that verges on an oligopoly won’t affect the competition.
Maybe we’re just cynical but despite the goodly efforts of Mr. Beale and Mr. Jordan we remain rather skeptical.
Marginal
Notes From The Margin 
[…] by Royal Bank of Canada won’t affect competition in the Barbados banking market place?”: Notes From The Margin remains unconvinced. Posted by Janine Mendes-Franco Share […]
Pingback by Global Voices Online » Barbados: Banking Oligopoly? — April 9, 2008 @ 7:59 am |
Ther must be some incentive for a bank to change its stripes – and having one less bank does not necessarly force the others to compete, esp. if they were all doing ok previously
Comment by bankelele — April 10, 2008 @ 10:23 am |