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Offshore banks, virtual banks, cross-border rails, SWIFT, fintech and institutional change.
China’s real estate giant, Evergrande, has been in the spotlight for its staggering debt crisis, which has left it with up to $23 billion in offshore liabilities. This financial turmoil has drawn significant attention from global investors, especially after a…
In a groundbreaking development for the cryptocurrency and financial sectors, six major U.S. banks have confirmed partnerships with Ripple, accelerating the adoption of Ripple’s payment technology across the banking industry. The announcement is based on 2022 data, and the banks…
In a surprising turn of events, the Bank of Japan (BOJ) recently raised its interest rates by a quarter point, setting off a chain reaction that sent shockwaves through global financial markets. This unexpected move caused the Japanese Yen to…
Zurich, 25 July, 2024: Sygnum, a global digital asset banking group with ~$4.5 billion in client assets, today reported that it has reached profitability following a strong H1 2024, with key metrics seeing substantial growth year-to-date (YTD). Business performance is…
In recent months, we’ve observed a significant rise in China’s foreign exchange (FX) outflows, accompanied by a dramatic surge in Bitcoin prices. This phenomenon is further compounded by China’s record dump of US securities. These interconnected events indicate a compelling…
In a groundbreaking move, Cathay Life Insurance has issued the first offshore dollar bond from a Taiwanese insurer, marking a significant milestone in Taiwan’s financial market. This historic issuance is set to have far-reaching implications for the global investment community…
In recent months, there has been a significant outflow of capital from China, raising concerns about the stability of the yuan and the broader economic implications. According to a recent article from The Globe and Mail, this trend is putting…
The BRICS nations—Brazil, Russia, India, China, and South Africa—have announced ambitious plans to introduce a new currency aimed at reducing the dominance of the US dollar in global trade and finance. This move could have far-reaching implications for international markets…
In the rapidly evolving landscape of global finance, the mBridge initiative, aimed at fostering cross-border payments between countries with different economic ideologies, stands as a bold experiment. This digital currency bridge, developed by central banks from China, Hong Kong, Thailand,…
SPECIAL REPORT
The US Debt Clock has released another provocative Secret Window poster, and this time the New Money Revolution delivers its message through the simplest financial question imaginable. The headline reads: KID MONEY LOGIC Standing on…