Banking Upheaval in The Bahamas

Open letter to:  The Minister of Finance, Nassau, Bahamas.

offshore banking
offshore banking

Royal Bank of Canada, Scotiabank and FirstCaribbean Bank are all presently down-sizing.

Bank of the Bahamas is getting adverse reports in the press.

Two Swiss offshore banks are in the process of closing some of their local operations.

I should be obliged to learn why all of these happenings are taking place at this time!

Your assistance in explaining this to me will be greatly appreciated.

By:  Concerned Citizen