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Tag Archives: banking

The CL Financial Bailout – Central Bank Statement

31-Jan-09

Good to see you again. Glad you enjoy the Limes.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 [...]

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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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