National Commercial Bank (NCB), the largest bank in the island, said that its backlog of fraud cases under investigation was cut in half after implementing two anti-fraud measures. Also, the parent of the bank known as NCB Financial Group defended.
Jamaica's largest financial conglomerate, NCB Financial, booked roughly $12 billion in costs related to separations, redundancies and other one-off costs in the financial year, but stopped short of formally disclosing the payouts to departing.
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