Category: Offshore Banks
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RBC Wealth Management named Best Private Bank in the Channel Islands
RBC Wealth Management has continued its recent award success by being named the Best Private Bank in the Channel Islands at the 2012 World Finance Banking Awards. World Finance’s judging panel used a wide range of criteria to decide the recipients of the 2012 awards. These included assessing each firm’s performance, the variety and clarity…
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Citi Launches Innovation Lab in Singapore
Singapore – Underlying its continued commitment to providing innovative solutions to clients, Citi’s Global Transaction Services (GTS) business has opened the Citi Innovation Lab in Singapore that comprises a Client Experience Center and a Client Collaboration Center. The opening marks the first such Innovation Lab for the bank’s institutional clients in Asia Pacific. The Innovation…
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Why Offshore Banking is Underutilised
There are many myths about international banking, and a stigma attached to the phrase ‘offshore banking’. Both can conjure stories of illicit financial activities on small islands and neutral, private banking institutions with renegade accounting tactics not condoned by reputable jurisdictions. These misconceptions sometimes arise out of context from extreme legal cases. Definition: A tax…
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Offshore Bank Certificate of Deposit (CD)
What is a CD? A CD (Certificate of Deposit) is a savings account which is characterized by fixed term borrowing, fixed interest rates and a relatively high interest rate. Insured by the FDIC (or NCUA for credit unions), CDs are often the investment choice for savers who are risk averse and like to plan carefully…
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Top 10 Offshore Banks
No Such List of Offshore Banks Exists – There is no recognized list of the top offshore banks. What is the criteria one would use for such a list is a good question? Examples of rating criteria would be age, total assets, strength of loan portfolio, management, track record, currency, country of location and licensure,…
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Offshore Banking by Mobile Phone
BCN International Bank (Cayman) Ltd leads the Offshore Banking industry with strategic move to iPhone Setting new standards in enterprise mobility, BCN International Bank today confirmed that it has adopted the iPhone as its Smartphone of choice, one of the first and biggest corporate entities in the offshore banking industry to do so on such…
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Offshore Bank Accounts No Fines For The Innocent!
In the first taxation amnesty, the customers of a handful of British banks who held accounts offshore were targeted, and now HMRC is attempting to clear up the sticky issue of taxation forgotten, avoided or evaded by all others who have the likes of bank or savings accounts offshore. The bottom line is that it…
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Offshore Banking and Financial Stability
The world economy is not doing so well as before. The bad economy has caused many entrepreneurs to enter into bankruptcy. No one will ever want to suffer from financial problem during the bad economy. If you dont want to suffer from this consequence, you need to take several steps as precautions. One way to…