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Last night in our report about troubles in the banking sector, we reported that Scotiabank was the only local bank still holding unto a correspondent banking relationship. Well that wasn't accurate – and today Atlantic Bank sent out a release saying that they still have correspondent banking relationships with: the Bank of New York Mellon, Commerzbank and US Century Bank. A press release adds quote, "we continue to facilitate international making transactions, including wire transfers via our entire branch network" end quote. That network still does include a branch in the Corozal Free Zone. So, we stand corrected. Atlantic Bank says it meets local and international regulatory standards – as it has for the past 45 years.

Yesterday the Prime Minister told the press that he is trying to get an urgent meeting with the State Department and the US Treasury because even the smaller banks that have been handling credit card settlements for other banks are threatening to discontinue that service by the middle of next month.