Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By My View by Silvio Canto, Jr. (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Keep it up Cuban Americans

% of readers think this story is Fact. Add your two cents.



My late father was a banker in Cuba.  He worked for a Cuban-owned bank, one of several financial institutions founded and run by Cuban families over the 20th century.
Yes, there were U.S., Canadian, and even a Taiwanese bank in Cuba.  At the same time, Cubans had founded and developed a first-rate banking system that competed successfully with foreign enterprises.
Again, my father worked for one such bank:  Banco Continental Cubano.  He started out as a teller and rose to a branch manager before the banks were expropriated in the 1960s.
My late father, and some of his bank colleagues in heaven, must be having a big laugh about this story:     
In a complaint filed on Wednesday with the U.S. District Court in Miami, 14 grandchildren of Carlos and Pura Nuñez, who once owned Banco Nuñez, want to hold Societe Generale liable under U.S. law for doing business with Cuba’s central bank, which nationalized Banco Nuñez and other lenders in 1960.
A lawyer for the plaintiffs said he believed the case was the first against a bank that allegedly “trafficked” in property expropriated by the Castro regime, since the Trump administration said in April it would begin letting U.S. nationals sue companies for such conduct.
“Victims of the Cuban regime who had their property confiscated now have a vehicle to get justice,” Javier Lopez, the lawyer, said in an interview. “We have multiple financial institutions that we’re looking to target.”
Societe Generale did not immediately respond to requests for comment after market hours.
Well, isn’t that great?  It’s also simple justice.
The Nuñez family founded the bank in 1921.  They did not inherit the bank or the money.  They did it the old fashioned way.  In fact, it was one of two Cuban banks in pre-Castro Cuba rated as one of the 500 top banks in the world.
I remember my father talking about it.  Banco Núñez was the competition, but my father had friends there and respected BancoNuñez.
Why is this happening?  The answer is: President Trump, and I am grateful for that. 
Our family has nothing to recover from any of these lawsuits.  I am cheering from the sidelines because this whole darn episode was a terrible injustice.  
P.S.  You can listen to my show (Canto Talk) and follow me on Twitter.


Tags: Keep it up Cuban Americans To share or post to your site, click on “Post Link”. Please mention / link to the My View by Silvio Canto, Jr. Thanks!



Source: http://cantotalk.blogspot.com/2019/07/keep-it-up-cuban-americans.html



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.