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Offshore banking comparison by jurisdictions. The most popular offshore financial centres are in jurisdictions with a history of political and economic stability. In terms of offshore banking centres and in terms of total deposits, the global market is dominated by the US, Switzerland and the Cayman Islands.
List of banks and credit unions in Canada. The main Montreal branch of the Bank of Montreal, Canada's oldest bank. This is a list of banks in Canada, including chartered banks, credit unions, trusts, and other financial services companies that offer banking services and may be popularly referred to as "banks".
The Bank of Credit and Commerce International ( BCCI) was an international bank founded in 1972 by Agha Hasan Abedi, a Pakistani financier. [1] The bank was registered in Luxembourg with head offices in Karachi and London. A decade after opening, BCCI had over 400 branches in 78 countries and assets in excess of US$ 20 billion, making it the ...
A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts ( savings accounts ), share draft accounts ( cheque accounts ), credit cards, credit, share term certificates ( certificates of deposit ), and online banking.
The first working credit union models sprang up in Germany in the 1850s and 1860s, and by the end of the 19th Century had taken root in much of Europe. They drew inspiration from cooperative successes in other sectors, such as retail and agricultural marketing (see history of the cooperative movement ).
Cayman Islands Monetary Authority; Headquarters: Grand Cayman, Cayman Islands: Established: January 1, 1997 () Chairman : Grant Stein: Central bank of: Cayman Islands: Currency: Cayman Islands dollar KYD Website: www.cima.ky
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. Total credit union assets in the U.S. reached $1 trillion as of March 2012.
The Cayman Islands' tax-free status has attracted numerous banks and other companies to its shores. More than 92,000 companies were registered in the Cayman Islands as of 2014, including almost 600 banks and trust companies, with banking assets exceeding $500 billion.
Warren Coats. Warren L. Coats, Jr. (born May 19, 1942), is an economist specializing in monetary policy. He retired from the International Monetary Fund in May 2003 to join the board of directors of the Cayman Islands Monetary Authority. He is president of Economic Consulting, providing technical assistance to central banks, and until recently ...
Structure and membership. The Canadian Credit Union Association (CCUA) is the national credit union trade association that provides services to Canada's credit unions, caisses populaires (outside of Quebec) and regional Central organizations. CCUA works to improve federal and provincial legislation impacting credit unions and advocates for ...