Tag: Schroders Cayman Bank & Trust Company
Swiss bank with CI link strikes US deal to reveal secret accounts
(CNS Business): The US Department of Justice has struck a non-prosecution deal with Schroder Bank AG that will see the Swiss-based bank and its Cayman subsidiary cooperate in any criminal or civil proceedings and pay a $10m penalty to avoid criminal charges relating to secret accounts. The DoJ also said that the Cayman arm and a Swiss […]
Schroders closing Cayman branch
(CNS Business): An asset management company is closing its branch in the Cayman Islands. Schroders Cayman Bank & Trust Company Ltd is a global investment company that opened its doors for business in the Cayman Islands in 1972, officials confirmed with CNS Business Wednesday.
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