Banking

US and Cuban bank solidify financial relationship

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  A US and Cuban bank have signed an agreement to create a correspondent banking relationship.  Stonegate, a commercial bank located in Pompano, Florida and the Banco Internacional de Comercio in Havana are moving forward with the agreement. Such a deal will result in progress for the relationship between Cuba and the United States, advance trade relationships and be of great benefit to American companies.  It will also assist in facilitating money transfers to Cuba.  This US bank will now join the list of foreign banks operating in Cuba, including banks from Spain, Canada, Mexico and the Netherlands.  Banking in Cuba will become easier for US citizens visiting the Island.  This news story was written by Mimi Whitefield and first appeared in the Miami Herald.…

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