Category: Economics
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Hong Kong’s position as China’s global financial centre
Following is the speech by the Chief Executive, Mr Donald Tsang, at the luncheon hosted by the Hong Kong Economic and Trade Office in Berlin, the Hong Kong Trade Development Council and the Swiss-Hong Kong Business Association, in Zurich, Switzerland, today (January 27, Zurich time): Dr Moser (Kurt Moser – President of the Swiss-Hong Kong…
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G-SIFI Designation: Scarlet Letter or Veiled Opportunity for Global Banks?
New York, NY / Philadelphia, PA (PRWEB) January 11, 2012 – In November, global banks watched intently as international regulators identified and announced the largest, most globally connected financial institutions. With the global systemically important financial institution, or “G-SIFI,” designation comes a marking that the bank is too big to fail, as well as a…
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Bank Collapses or Bank Runs in America’s Future?
Bank collapses or bank runs are common through history. The U.S. lost about 80 banks this year but depositors have been safe, but that may change. Are Bank Runs Possible in the U.S.? Right now Greece is experiencing bank runs because the Greek population knows the Greek banks are in big trouble. Approximately 80 banks…
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Fresh Approach to Private Offshore Banking
When you imagine private offshore banking it may involve a Swiss bank account or an ultra-secret Cayman private bank account nestled in beachy isolation. But to really achieve that safe haven of wealth that neither law courts nor governments can touch you may need to think outside the box. Today’s reality is that we are…
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Total World Wealth
The Credit Suisse Research Institute publishes the Global Wealth Report (world wealth), which finds that the global wealth currently held by 4.4 billion adults has increased 72% since 2000 to reach USD 195 trillion. Driven by robust economic expansion in the emerging markets, the institute estimates that global wealth will grow 61% to USD 315…
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Museum of American Finance to Open “Checks & Balances: Presidents and American Finance” Exhibit on Election Day
Image via Wikipedia NEW YORK–(BUSINESS WIRE)–On Tuesday, November 8, the Museum of American Finance will open “Checks & Balances: Presidents and American Finance,” an exhibit on the financial challenges faced by American Presidents both in the Oval Office and in their personal lives. From its inception as an experiment in a new kind of democratic…
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Madness in Markets
Madness in Markets: Coming soon to an Emerging Market near you At no other time in history has a deeper investigation of our investment portfolios made better sense than today. The last four years have brought forth many surprises for almost all types of investors. It is common wisdom that no one can take the…