- Daily Business Review – July 29th, 2015: James Meyer quoted in DBR’s Special Report on Cuba.
The July 29, 2015 Daily Business Review published a special report on Cuba focusing on the announcement that Pompano Stonegate Bank will act as the official bank of the Cuban Government. The Pompano Stonegate Bank issued a statement to inform the public that at the request of the U.S. Department of State the Bank reached an agreement with the government of Cuba to provide banking services to the Cuban Interest Section in Washington as well as to its employees. The DBR special report includes analysis from several bank and legal experts regarding the reasons for the need for a U.S. bank to act as the official bank for the Cuban government as well as the risks involved. James Meyer was quoted as stating: “It’s an incredible opportunity. To be the first anything in Cuba is going to have an inestimable value in terms of marketing and exposure. Yet there’s a lot of risk and controversy.”