BNP Paribas closes Cayman branch as offshore pullback continues

| 26/05/2016 | 0 Comments

CNS Business(CNS Business): French bank BNP Paribas is closing one of its two remaining branches in the Cayman Islands, as it continues to scale back its international offshore operations, having closed two Cayman subsidiaries in 2015. However, it will retain a banking presence in Cayman, which it does not classify as a “fiscal paradise”.

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