The key points are temporarily unavailable. You can still read the full Story below.
Main Points
Former Prime Minister Stuart Young has raised concerns about leadership changes at First Citizens Bank and Republic Bank, questioning the circumstances surrounding decisions involving senior personnel. Speaking at an opposition press conference, Young accused the government of interfering at First Citizens Bank, claiming that individuals had been removed and replaced at the institution. He criticised the competence of people appointed to its board, although he did not provide detailed evidence supporting that assessment during the press conference. Young also referred to what he described as the forced resignation of a designated new chief executive officer at Republic Bank. He suggested that the leadership changes warranted closer examination and warned that directors could face questions concerning their fiduciary responsibilities. His comments came while responding to allegations involving NCBJ and his brother's employment at that institution. Young argued that attention should instead be directed towards governance decisions at the two Trinidad and Tobago financial institutions. The circumstances of the reported Republic Bank resignation and the government's alleged involvement in personnel decisions were not independently established in the supplied material. No response from either bank or the government was included.
Former Prime Minister Stuart Young has raised concerns about leadership changes at First Citizens Bank and Republic Bank, questioning the circumstances surrounding decisions involving senior personnel.
Speaking at an opposition press conference, Young accused the government of interfering at First Citizens Bank, claiming that individuals had been removed and replaced at the institution.
He criticised the competence of people appointed to its board, although he did not provide detailed evidence supporting that assessment during the press conference.
Young also referred to what he described as the forced resignation of a designated new chief executive officer at Republic Bank.
He suggested that the leadership changes warranted closer examination and warned that directors could face questions concerning their fiduciary responsibilities.
His comments came while responding to allegations involving NCBJ and his brother’s employment at that institution.
Young argued that attention should instead be directed towards governance decisions at the two Trinidad and Tobago financial institutions.
The circumstances of the reported Republic Bank resignation and the government’s alleged involvement in personnel decisions were not independently established in the supplied material.
No response from either bank or the government was included.
News Desk is the editorial publishing account for Tringlobe Media News, covering breaking news, public affairs, entertainment, community developments and regional stories across Trinidad and Tobago, the Caribbean and internationally.
