The absence of Scotia Bank in Guyana will have serious repercussions in the banking system for Guyanese who do banking between Canada and the homeland.  

Looka rass hey, de pnc drive them out of the country in a mere 3 years even as oil getting ready to flow. Also notable is that they exiting all Caribbean nations with black governments. Is this coincidence?

Guyana needs an international bank with good credibility.  Maybe Exxon will get one of the big American banks to establish in Guyana.  No way in hell they would do million dollar transactions with a Caribbean bank.

Merrill Lynch is already in talks with the GOG regarding the oil fund to be set up. Merrill Lynch is owned by Bank of America. No expert, but I read about the ML thing.

Merrill Lynch is not a commercial bank.  Bank of America pulled out of the Caribbean in 2016.

Bibi Haniffa posted:

Merrill Lynch is not a commercial bank.  Bank of America pulled out of the Caribbean in 2016.

Bank of America and its subsidiary, Merrill Lynch, work hand in hand to provide customers with one stop shopping. Surely you understand this. Should ML get the investment business, you bet Bank of America will be a candidate for commercial banking operations. That is the benefit of dealing with them.

The banking world is not static. Should an opportunity exist in Guyana today there will be an American bank to meet it if it is worth their while.