Atac: BNP Paribas will shut down Cayman Islands business

EPA/HORACIO VILLALOBOS

A file picture dated 05 February 2006 of the BNP Paribas headquarters building, at 16 Boulevard des Italiens, Paris, France.

The Association for the Taxation of financial Transactions and Aid to Citizens (Atac) reported today that the BNP Paribas office in the well-known British islands in the Western Caribbean Sea will close


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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