US and Cuba re-establish a banking relationship

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The most recent, successful talks between the US and Cuba have focused on re-establishing a banking relationship in between the two countries.  Banks already based in Cuba include Canadian banks Scotia Bank and the National Bank of Canada.  Other foreign banks already in Cuba include banks from Spain, the U.K., Mexico, Lebanon, the Netherlands and Trinidad and Tobago. Resuming banking services will make it much easier for American tourists, businesses and diplomats to function in Cuba. ABC News reported on the new development of US and Cuba re-establishing a banking relationship but did not name the U.S. bank in question..  However it was later revealed by CNBC that the U.S. bank is Stonegate Bank in Pompano Beach, Florida. Cuba has established a banking relationship in…




Unbiased reporting on economic news and business developments in Cuba by industry sector


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