Intelligence

De-Risking in Jeopardy 3 concluded at the stage when the Canadian Imperial Bank of Commerce (CIBC) had reached an agreement with the Gilinski Group, Colombia, to purchase FirstCaribbean International Bank Limited for US $797 million.

Another name now looks like being added to the growing list of banks that have moved to protect their brands and their own institutions by de-risking.

Yet again another financial institution finds itself under the spotlight in Antigua & Barbuda.

Another senior, long-standing international banking brand is abandoning Antigua.

In a dramatic, incredulous twist to the IHI corruption saga, Vere Browne, Antigua & Barbuda’s Police Commissioner, issued the following statement earlier this week.

Following the collapse of the Stanford Empire, a desperate plea for help to the IMF, and the more recent implosion of the Antigua Barbuda Investment Bank, the Government of Antigua and Barbuda has now had to return once again, cap in hand, to one of the most powerful and quietly influential nations on Earth.