The Changing Caribbean Banking Landscape: International Bank Exits and the Rise of Indigenous and Regional Institutions
January 21, 2026 No Comments
Over the last two decades, international banks like Scotiabank, RBC, and CIBC FirstCaribbean have dramatically downsized or exited the Caribbean. In their place, local and regional banks have grown—shifting financial power closer to home. This article explores why this transformation happened, how it unfolded, and what it means for Caribbean people and businesses.