ST. JOHN'S (Reuters) - Prime Minister Baldwin Spencer said Sunday he fears the investigations into Texas billionaire Allen Stanford's banking businesses in Antigua and Barbuda will cost the Caribbean nation jobs and damage its image.

"Any major fallout with his whole set-up would I believe impact negatively on us, even from the point of view of our image, so we have some concerns there," he said in an interview during a cricket match between the West Indies and England.

The U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority are looking into Stanford Group Co's $50 billion financial empire, including his Stanford International Bank unit in Antigua.

http://www.forbes.com/feeds/reuters/2009/02/15/2009-02-15T215621Z_01_N15280628_RTRIDST_0_STANFORD-ANTIGUA-INTERVIEW.html