Banking

Scotiabank to Maintain Presence in Cuba

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  As relations between the US and Cuba evolve, Canadian corporations and banks are moving into Cuba quickly.  Scotiabank recently announced its return to the Island, with an office in Miramar.  Scotiabank will be offering a wide range of correspondent banking services.  The following article originally appeared on the Globe and Mail news site. National Bank of Canada has operated an office in Cuba for 16 years, making it a rarity of sorts among Canadian banks, but it may soon have some company. At least two other Canadian banks are said to be looking at setting up shop in Cuba, according to a report in the London-based Financial Times on Sunday night. More related to this story Amid economic reforms on the island, Bank of…

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