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Royal Bank of Canada received the approvals from local governments and from the Eastern Caribbean Central Bank for the sale of its Eastern Caribbean banking operations.
Royal Bank of Canada announced the launch of a new business line offering financial consulting advice to business clients and corporate clients across the Caribbean.
In celebration of its 150th birthday, RBC announced a US$4.1 million investment to communities across Canada, the United States, the United Kingdom and the Caribbean.
Six major Cayman banks have come together in a partnership to install an automated clearing house that will ease the transfer of electronic funds.
RBC announced enhancements and improvements to its digital banking platforms at a seminar for personal, private and business banking clients.
An international forum of senior judges held in London this month paved the way for more cross-border cooperation between commercial courts. The purpose of the forum, organized by the Lord Chief Justice of England and Wales, Lord John Thomas, who recently visited Cayman as guest speaker at the Cayman Islands Judiciary’s eighth annual Distinguished Guest Lecture Series, was to develop protocols for cross-border collaboration and cooperation.
The Cayman Islands has the best managed economy in the Caribbean region, according to RBC Group economist Marla Dukharan.
The financial services sector in Cayman saw mixed results in 2015, according to data from the Cayman Islands Monetary Authority and government’s annual economic report for the last year.