TORONTO — The Bank of Nova Scotia is unloading its operations in the U.S. Virgin Islands and Puerto Rico at a loss as the bank continues to shrink its sprawling global footprint. OFG Bancorp says it is acquiring the Toronto-based bank’s Puerto Rico operation for $550 million in cash, and

TORONTO — Bank of Nova Scotia’s plan to sell some of its Caribbean assets is facing scrutiny from a regional watchdog that has flagged what it says are the deal’s “anti-competitive effects.” Scotiabank announced late last November that it had struck a deal to sell banking operations in nine “non-core”

TORONTO — Bank of Nova Scotia said today that it has struck a deal to sell banking businesses in nine of the smaller countries in the Caribbean as the lender continues to narrow down the number of international markets in which it operates. Affected countries are: Anguilla, Antigua, Dominica, Grenada, Guyana,

CARSON WEN: Banking on the BVI to attract more Chinese millions to tiny Tortola. [ad name=”HTML-68″] ROAD TOWN, Tortola –– The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks,