they are under big presure by authorities I don't believe what Peter Shiff say or what people think. It is risky banking if you use them for anything.Couldn't agree more. It's a bank that claims to be a 100% reserve bank and maintain a "100% Deposit Ratio" but does not produce a single iota of evidence to back this claim...I wonder why?.
They approved my darks without issues today. ... If they don't running with my money now I will be fairly good with them.
A staff member in Israel told me this years ago.....lol.
They have people working from home all over, including Israel and Europe. The only maintain a bare minimum crew actually located in Puerto Rico or, prior to that, SVG.EPB has staff in Israel?
They approved my darks without issues today. I was opening my mail client this morning and surprised to see their response when logged in to the account.
If they don't running with my money now I will be fairly good with them.
Everyone I dealt with at the bank was either an islander (St Vincent) or an American. He kept the islander support team after moving the bank to Puerto Rico. The head of customer services, Amanda Dioum, is amazin'! She black. Also their brokerage guy, Vincent Le, is very good. Most of the rest are pretty shaky.
EPB has staff in Israel? Maybe tribal affiliations are what keeps EPB alive. Oy vey!
But I do appreciate a LOT that that stubborn ******** Peter Schiff is still fighting in his corner, just hope his son gets him onto Bitcoin as well as gold only in time...
Great post. Here's a question for you. I use EPB mostly to trade on Interactive Brokers with my corporate account. Most of my money is at IB (transferred through EPB). Does that mean that *if* EPB were ever to go bankrupt, my money would still be safe at IB and in the equities (stocks) I own. I believe so but your post has me raising doubts...The bank is highly likely to be a Ponzi scheme as it refuses to prove otherwise by refusing to publish its financial records and creating elaborate excuses and hurdles to restrict outbound payments. Perhaps they wait until they get in more money to fund those outbound payments. A 100% reserve bank should not need to act like this - just ask yourself why it does? All indications of not being transparent are red flags. We are not talking about a bank regulated in the EU but one in a bankrupt banana republic that moved from a previous banana republic. People need to know if their money is actually in the bank or used by the snake oil salesman Peter Schiff to fund his Puerto Rico a lifestyle . The truth will come out one day.
I don't know about 100% reserve banking claim, however 100% of EPB clients don't care about financials or reality as they are either avoiding CRS or cannot open their Caribbean shell company account at any other bank. The #1 and #2 responses by EPB clients tend to be I don't keep much money there or I have used them for years. Well so did clients of Bernard Madoff use him for years with no complaints until....
I use EPB mostly to trade on Interactive Brokers with my corporate account. Most of my money is at IB (transferred through EPB). Does that mean that *if* EPB were ever to go bankrupt, my money would still be safe at IB and in the equities (stocks) I own. I believe so but your post has me raising doubts...
how can a person require that without to be ignored by a bank?Lastly you will want to get them to refer to Puerto Rico law saying the assets held in custody are segregated from the banks assets. Don't accept them saying just "yes they are segregated". Demand thirdparty proof (normally audited financially statement) or move your portfolio away if in doubt.
how can a person require that without to be ignored by a bank?
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