Domestic banks still safe from de-risking
August 11, 2015
Guat Foreign Minister “misspoke” over bases
August 11, 2015

Farewell, First Caribbean; most workers’ jobs safe

Posted: Tuesday, August 11, 2015. 8:40 am CST.

Tuesday, August 11, 2015. Aaron Humes Reporting: First Caribbean International Bank is selling first caribbean bankits local operations to Heritage Bank after more than 60 years of operation dating back to the days of Barclays Bank.

The primary concern remained ensuring the safety of 60 workers’ jobs.

However, Prime Minister Dean Barrow reports that most, though not all, of those jobs are in fact safe, following a meeting with the two sides’ management.

While the exit is mostly a business decision, should there be concern over it? Prime Minister Barrow says no, and also denied suggestions that Government is bankrolling the Heritage takeover.

The sale will take another three to four months to complete.


Advertise with the largest and fastest growing audience in Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at [email protected] or call us at 670-6397.


© 2015, This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.


Leave a Reply

Your email address will not be published. Required fields are marked *