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There are over 400 financial
institutions licensed to do banking and financial trust representation
in The Bahamas making it only second to London in the number
of financial institutions it hosts. Among them are some of the
largest and most successful in the world. I.e. Barclays, Citibank.
The country is the leading offshore financial centre in the world
as there are almost 600 mutual funds managed or administered
in The Bahamas and these control some $40 billion in assets.
A stock exchange has also been established. The Commonwealth
of The Bahamas has come to be the Switzerland of the Western
World.
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