Good to see you again. Glad you enjoy the Limes.T&T’s FCB won a country award at The Banker’s 2009 ceremony (link). First Citizens Bank Last year, Trinidad and Tobago was significantly affected by the meltdown of the largest conglomerate in the Caribbean, the CL Financial Group. This affected the whole of the local financial system [...]
From a note issued by analysts at JP Morgan, emphasis mine: The Central Bank late on Friday announced that it would bail out a number of financial services companies—Clico Investment Bank (CIB), Clico Insurance Company (CLICO), British American Insurance Company (BAICO) and Caribbean Money Market Brokers (CMMB)—within the CL Financial Group, which have recently been [...]
PRESS RELEASE Verbatim, statement issued Jan 30 CMMB Assures Clients Their Investments are Safe In light of the announcement today by the Central Bank regarding the CL Financial Group, CMMB wishes to reassure its clients that their investments with us are safe. CMMB continues to operate as an independent entity separately from Clico and Clico [...]
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 [...]