Miami, magnet for gold, international banking

Miami is a magnet for gold - Business - MiamiHerald.com: " . . . Although Miami may have a reputation for glitz and bling, few people realize it is one of the hubs for the nation’s gold trade. Last year — for the first time — gold was both the top import and export from the Miami Customs District, which includes airports and seaports from Palm Beach County to Key West. But the reality is most of the gold entered and left via Miami International Airport. More gold arrived in Miami than any other U.S. customs district last year . . ."

Sabadell buying Lloyds bank business in Miami - South Florida Business Journal: "The deal will require regulatory approval. It is related to the previous transaction in which Lloyds sold its business in Spain to Sabadell in exchange for a minority stake in Sabadell. The Banco Sabadell international branch in Miami, which serves foreign clients seeking to do business in the United States, generated $36.1 million in net income in 2012 – making it the most profitable of the 22 foreign bank branches in the state."

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