Cuba
Cuba’s unlikely banking pioneer
Urbane and well-groomed, career banker Dave Seleski is an unlikely revolutionary. Tiny by US standards, with assets of around $3 billion, Seleski’s Stonegate Bank has found itself in the extraordinary position of being the only US bank to be authorized by both Washington and Havana to do business in Cuba. … read more >>
Shades of Kafka in Castro’s new Cuba
Franz Kafka, who wrote about European bureaucratic labyrinths, would have found much inspiration in Cuba officialdom’s Soviet-inspired maze. Euromoney had hoped to see some of the state-owned Cuban banks during our visit to Havana in August, but multiple requests failed to gain any response. The Banco Central de … read more >>
Banks at the heart of Cuba’s existential battle for reform
“We don’t have banks in Cuba!” The taxi driver helming a splendid 1957 Pontiac Pathfinder clasico off the taxi rank at Havana’s Hotel Nacional snorts with scorn. Euromoney has asked him to drive us to a rare meeting at the Banco Central de … read more >>