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U.S. Department of State

How Stonegate Bank helped clear the way to reopen Cuba

How Stonegate Bank helped clear the way to reopen Cuba

WASHINGTON — When Barack Obama and Raul Castro announced in December that their nations would restore relations after more than half a century, neither side guessed the biggest obstacle to reopening the Cuban embassy in Washington would be finding a bank willing to do business with Cuba. Some issues remained as the latest round of talks between the United States and Cuba ended on Friday at the State Department. Among those differences are whether U.S. diplomats on the island will have the freedom to travel, meet with dissidents and conduct pro-democracy programs. But the banking hurdle has been cleared, thanks to a March 12 meeting at Teddy & the Bully Bar, a downtown Washington...

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