Castillo San Felipe del Morro is seen in this aerial photograph taken above San Juan, Puerto Rico. Photographer: Alex Wroblewski/Bloomberg
Even banks are joining the Puerto Rico exodus, and their flight could leave the island's financial system increasingly isolated.
Not only did the number of consumer banks drop by half over the past decade, but the main international players — Bank of Nova Scotia and Banco Santander SA — have been quietly shrinking, leaving the field to local institutions.
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