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Banking & Payments

Offshore banks, virtual banks, cross-border rails, SWIFT, fintech and institutional change.


  • The Federal Reserve Speculation

    The most common form of arbitrage to remove the effect of taxation is to deal in the cash market, black market or free market. This includes smuggling and other dealings with contraband. Here, the cost of arbitrage may be very…

  • Why Offshore Banks choose Luxembourg

    Yves Maas is Managing Director and CEO of Credit Suisse S.A. in Luxembourg. Mr Maas is the Chairman of the Luxembourg Bankers’ Association (ABBL) and a Board Member of the European Banking Federation. As Chair of ABBL, the professional organisation…

  • Passive Foreign Investment Company (PFIC) Problems

    For U.S. persons it is absolutely correct that you should engage in diversification of investments and assets overseas. However, the difficulty with much of the information received from a blog or Google search, no matter how attractive it might seem,…

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