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[Narrator] When the Bahamas declared independence
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The Spider's Web: Britain's Second Empire

When theBahamas declared independence from Britain in 1967, theoffshore bankers relocated...

[Narrator] When the
Bahamas declared independence from Britain in 1967, the
offshore bankers relocated to the Cayman Islands and continued their business from there

Full Transcript

00:00:01.000 --> 00:00:02.876
- [Narrator] When the Bahamas declared independence
00:00:02.876 --> 00:00:07.256
from Britain in 1967, the offshore bankers relocated
00:00:07.256 --> 00:00:08.667
to the Cayman Islands
00:00:08.667 --> 00:00:11.846
and continued their business from there.
Duration
13 seconds
Views
23
Timestamp in Movie
00:26:57
Uploaded
Oct 30, 2025
Genres
documentary
Production
N/A

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Movie Summary

How Britain transformed from an imperial power to a financial power.
It was the British connection that reassured bankers - The Spider's Web: Britain's Second Empire 00:09
It was the British connection that reassured bankers
- This British bedrock, - The Spider's Web: Britain's Second Empire 00:12
- This British bedrock,
- [Narrator] In reality, much of the wealth administered - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] In reality, much of the wealth administered
- The City of London, by and large, - The Spider's Web: Britain's Second Empire 00:07
- The City of London, by and large,
There might, Heaven forbid, be a regulator - The Spider's Web: Britain's Second Empire 00:10
There might, Heaven forbid, be a regulator
So better to do the frauds offshore in Gibraltar or Jersey, - The Spider's Web: Britain's Second Empire 00:12
So better to do the frauds offshore in Gibraltar or Jersey,
- [Narrator] Deals are often discussed - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] Deals are often discussed
- What they allow the city to do is to get involved - The Spider's Web: Britain's Second Empire 00:12
- What they allow the city to do is to get involved
"That's tax haven activity, and we're the city. - The Spider's Web: Britain's Second Empire 00:05
"That's tax haven activity, and we're the cit...
"We're not involved in that kind of stuff." - The Spider's Web: Britain's Second Empire 00:08
"We're not involved in that kind of stuff."
- The City of London has shaped the way in which Jersey, - The Spider's Web: Britain's Second Empire 00:15
- The City of London has shaped the way in which Jersey,
I see these places as the Frankensteins created - The Spider's Web: Britain's Second Empire 00:08
I see these places as the Frankensteins created
- [Narrator] Today, the UK is the world's largest provider - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] Today, the UK is the world's largest provi...
- The UK has an almost unique role in global finance. - The Spider's Web: Britain's Second Empire 00:07
- The UK has an almost unique role in global finance.
And if you look at data, the kind of data - The Spider's Web: Britain's Second Empire 00:17
And if you look at data, the kind of data
Now there are two big centers, - The Spider's Web: Britain's Second Empire 00:08
Now there are two big centers,
- [Narrator] The two large centers are the United States, - The Spider's Web: Britain's Second Empire 00:15
- [Narrator] The two large centers are the United States,
- And if you add to that other jurisdictions, - The Spider's Web: Britain's Second Empire 00:23
- And if you add to that other jurisdictions,
And I think that figure represents better the position - The Spider's Web: Britain's Second Empire 00:10
And I think that figure represents better the position
(dramatic music) - The Spider's Web: Britain's Second Empire 00:05
(dramatic music)