Bank cuts

Oct 03, 2013

BRIDGETOWN, Barbados - STAFF LAYOFFS are looming at CIBC FirstCaribbean Bank in light of heavy expenses having to be set aside for bad loans.
The bank, which boasts branches in 17 Caribbean territories, is particularly concerned about its heavy loan loss provisioning in Barbados and The Bahamas, and has therefore undertaken a restructuring programme that could lead to layoffs, starting with voluntary separation packages in the next few weeks.

You may also be interested in:

Hipolina Joseph leads the consultations on National Youth Policy Discussions
Stakeholders Engage in Consultations to Strengthen National Youth Policy
The Department of Youth Development and Sports, through its Youth Unit, has commenced a four-day series of half-day closed stakeholder consultations aimed at strengthening the development and imple
caricom_admin
Capacity Workshop
Regional Workshop Strengthens Caribbean Capacity on Genetic Resources
Regional policymakers, scientists, and biodiversity experts gathered from March 3-5, 2026, at The University of the West Indies (UWI), St.
caricom_admin
Statement by Hon. Dr. Joyelle Clarke, Minister of Sustainable Development, Environment, Climate Action and Constituency Empowerment of Saint Kitts and Nevis| High-Level Segment, 16th Meeting of the Conference of Parties of the UN Convention on Biological Diversity| Cali, Colombia| 30 October 2024
Anonymous