Archive for December, 2008

Offshore Banking Bermuda, Offshore Legislation, Commercial Banking

Thursday, December 25th, 2008

Bermuda is not an international offshore banking center in its classical sense. Large international banks that conduct their operations in other offshore banking centers or provide ordinary commercial banking services are not permitted to register and operate in Bermuda for the population of Bermuda.
Currently four large local banks operate in Bermuda that own assets worth [...]