The finance committee of BNP Paribas central works council decided to shut down its Cayman Islands business, according to a report by the Association for the Taxation of financial Transactions and Aid to Citizens (Atac).

Atac cited today the minutes of a May 3 meeting of the committee in which bank officials announced their intention to close their “last legs still active in the Cayman Islands.” According to Reuters, the bank didn’t make any comment about the report.

Tomorrow, BNP Paribas ...

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