Tag: Banking

POLITICS

Caribbean Correspondent Banking Relations Dilemma

Antigua and Barbuda Prime Minister Gaston Browne, on a recent visit to Washington, impressed on U.S. banking agencies the importance of the provision of correspondent banking relations (CBRs) to Caribbean banks. He remarked that global banks in the U.S. are “as important to the U.S. as it is to the Caribbean.” Over the years, U.S. banks have been withdrawing CBRs […]

BUSINESS

The Internet Turning Banking Business Upside Down In China

The Internet is a global game changer and has revolutionized the way in which business is conducted today. Its impact and significance have not been lost on China, a country with over 1.3 billion people. There is now a paradigm shift in the way people are doing banking in China. “The Internet has changed the way traditional financial institutions operate […]