US ‘bribe to the bank’ story: What we know so far

The Washington Post is reporting that the U.S. government is bribing banks to keep their investments in offshore companies and money flowing to a Cayman Islands-based company.According to the Post, the bank is the Cayman Island Investment Management Company, or CII.According to the Associated Press, the U,S.is paying the CII about $1 billion a year […]