Deltec Bank Sells Business Lines to Britannia đŠ
Deltec Bank and Trust has sold its business lines to #Britannia Bank and Trust, both Bahamian institutions serving Tether. While Britanniaâs chairman Julian Francis clarified they are acquiring business lines, not the bank itself, Deltec CEO Odetta Morton believes this will ensure continued high-quality services.
#Deltec , once a key player in the crypto banking ecosystem, previously collaborated with #FTX and Alameda Research. Britannia, which has long banked Tether, has faced controversy due to its ties to DigiFinex shareholders and Conservative donors, with its founding chairman recently charged with bribery.
The reason for Deltecâs decision to sell remains unclear.
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