Regulators looking at CIBC FirstCaribbean $797m deal

Pedro Gonçalves
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Governor of the Eastern Caribbean Central Bank (ECCB) Timothy N. J. Antoine
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Governor of the Eastern Caribbean Central Bank (ECCB) Timothy N. J. Antoine

The Eastern Caribbean Central Bank (ECCB) is assessing the proposed majority sale of CIBC FirstCaribbean to GNB Financial Group in a $797m deal for the Canadian Imperial Bank of Commerce. Governor Timothy Antoine of the Eastern Caribbean Central Bank (ECCB) said the regulator was reviewing applications for the intended sale of banking assets within the Eastern Caribbean Currency Union (ECCU) jurisdiction. "Essentially I just want to confirm that we have now received applications from bo...

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