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Tag Archives: banking

The CL Financial Bailout – Central Bank Statement

31-Jan-09

Presented verbatim, here is the full text of the statement made by Central Bank Governor Ewart Williams at the press conference on Friday: Some of you may know that CIB has been facing liquidity challenges over the past few weeks. These challenges came to a head in the last few days when the bank began [...]

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T&T Gov’t to bailout CLICO, British American and CLICO Investment Bank

30-Jan-09

BREAKING: Friday 30th January, 2009 CL Chairman, Lawrence Duprey confirms that government will intervene in CLICO, British American and CLICO Investment Bank. Mr Duprey says this is just pre-emptive action and he does not believe that it will be a crisis. Central Bank governor says CLICO manages 38 billion in assets or a quarter of [...]

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