BANKS COMBINE OPERATIONS.(Brief Article)(Statistical Data Included)

Barclays Bank PLC and Canadian Imperial Bank of Commerce (CIBC) have signed an agreement to combine their retail, corporate and offshore banking operations in the Caribbean, reports CMC (Oct. 31, 2001). The agreement will result in the creation of First Caribbean International Bank (FirstCaribbean), they said, noting that It is subject to approvals from government and regulatory authorities and shareholders of …