Bahamian banks have increased fees for cross-border transactions by as much as 186 per cent over the last five years, due to growing pressure on their international ties.
A recently-published International Monetary Fund (IMF) working paper further exposes the impact correspondent banking ‘de-risking’ is having on Bahamas-based institutions and their clients, with wire transfer fees alone having increased by 20 per cent since 2012...
Bahamian banks have increased fees for cross-border transactions by as much as 186 per cent over the last five years, due to growing pressure on their international ties.
A recently-published International Monetary Fund (IMF) working paper further exposes the impact correspondent banking ‘de-risking’ is having on Bahamas-based institutions and their clients, with wire transfer fees alone having increased by 20 per cent since 2012...
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