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Bahamas: Union to Seek Answers From CIBC “Top Brass” Over Nixed GNB Deal


(Eyewitness News) NASSAU, BAHAMAS — Bahamas Financial Services Union (BFSU) President Theresa Mortimer said yesterday that the union has asked to meet with CIBC “top brass” for answers on the future of the bank’s Caribbean arm and why the deal to sell a majority stake in its regional operations ultimately fell through.

Mortimer told Eyewitness News that a meeting yesterday with a CIBC FirstCaribbean executive left the union with more questions than answers.

“We didn’t get the answers we were looking for because FirstCaribbean is saying they didn’t put the bank on the market for sale, CIBC did,” she said.

“The questions, we need to be answered by CIBC. What we have asked for is a meeting with top brass in Canada because we want to know why the deal really fell through. We want to know what’s really going on.

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