Category: Offshore Banks
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What’s Ailing the Largest Global Banks
Below is the latest KBRA comment on the travails affecting the largest global banks. Global capital levels are at the highest levels ever, but investor confidence in the big banks is at an all time low. Over a century ago, J.P. Morgan told a congressional hearing that commercial credit is not based upon money or…
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Three critical ways an offshore bank can protect you
Let’s take a moment to compare the offshore world today to before the Global Financial Crisis struck roughly eight years ago. In this short period of time, US federal government debt has DOUBLED. The Federal Reserve now holds $2.4 trillion of that debt, up from $479 billion. Interest rates, which were between 2-4%, are today…
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Skipton International an Offshore Bank for Expats
Skipton International reached £1.075 billion of deposits at the end of 2015 – a level that would be equivalent to the 12th largest building society in the UK. With savings customers in over 100 countries around the world, the Channel Island-registered bank has grown its deposits steadily since 2009 when it formed through the amalgamation…
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Standard Bank helps clients bank smarter offshore
Standard Bank Group has enhanced its banking app to allow Offshore Group customers access to their offshore accounts while they are on the move. The app allows account holders to view balances and transaction history on a smartphone, and also make cross-currency payments between their Standard Bank accounts. New features released in the future will…
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U.S. Financial Services: Cybersecurity Systems & Services Market – 2016-2020
LONDON, Nov. 4, 2015 /PRNewswire/ — Focus on Financial Services’ Demand Side – Cumulative 2016-2020 Market > $68 Billion U.S. Financial Services: Cybersecurity Systems & Services Market – 2016-2020 Steps Involved in Financial Account Takeovers Source: U.S. Congress GAO July 2015 This report focuses on the U.S. financial services demand side of cybersecurity products, systems…
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Standard Bank Offshore Group recognised in leading industry awards
Standard Bank Offshore Group has picked up the ‘Best International Structured Product Provider Award’ for the third consecutive year and been awarded a highly commended in the ‘Best International Banking Service Award’ category, in the annual International Fund and Product Awards. Standard Bank Isle of Man’s success in the Awards is underpinned by the Isle…
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Demand for Skipton International’s Expat mortgages increases
In a little over one year demand for the bank’s British expat buy-to-let offering has eclipsed that for its established mortgage lending in Jersey and Guernsey. Managing Director of Skipton International, Jim Coupe said: ‘We have been servicing expats with their savings needs for years and knew there would be a demand for buy-to-let mortgages…
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Message to Offshore Money Managers
The New Dawn is Government Enforced Disclosure Globally for Money Managers: Monetary disclosure means that multinational employers who used a Trust structure labeled as a Retirement Plan are now recognized by the IRS as non compliant and their U.S. employees are subject to back taxes, late filing fees and tax penalties. Old methods of offshore…
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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 great as it can include the risk of government fines and imprisonment. There is also…