Category: Offshore Banks

  • Exchange Traded Notes

    NEW YORK, NY — (MARKET WIRE) — 12/21/06 — Barclays PLC announced that investments in iPath(SM) Exchange Traded Notes (iPath ETNs) surpassed $1 billion. The first two iPath ETNs were launched in early June, and the third in August. Exchange Traded Notes have a 30-year maturity and are senior, unsecured, unsubordinated debt securities issued by…

  • ABC banks, offshore banks and shell banks…

    In the world of international finance you will hear a number of confusing terms to describe various kinds of banks. These include A banks, B banks, C Banks, offshore banks and shell banks. A shell bank is one which has no substantial presence, staff, or independent existence. These banks are often nothing more than a…

  • Offshore Bank Accounts

    What are the benefits? If you live and work overseas, offshore banking could have tax benefits, i.e. interest on offshore accounts and investments is paid without the deduction of tax. Added benefits include high levels of confidentiality, security and convenience, as well as global access. Can I use the Internet to view my offshore accounts…

  • Offshore Havens ‘Declare War’ on Honest Taxpayers

    By Paul Lashmar The US Senate has accused the Isle of Man, the Cayman Islands and other offshore havens of facilitating tax evasion that costs other countries billions of pounds every year. The accusations are made in a report by Carl Levin, chairman of the Senate Permanent Subcommittee on Investigations. He said: “I believe the…

  • Advent International Acquires Largest Bank in Uruguay

    Buyout specialist Advent International has completed its $167 million acquisition of Nuevo Banco Comercial SA, the largest commercial bank in Uruguay. The deal was first announced in September and recently won approval from Uruguay’s central bank, the key financial services regulator in that country. Advent had originally predicted that the deal would close in December.…

  • Barclays Free Seminars

    Barclays has developed a brand-new seminar to help small business owners boost their profit. (PRWEB via PR Web Direct) May 19, 2005 — Barclays has developed a brand-new seminar to help small business owners boost their profit. The bank will be running a programme of free seminars: Let’s Talk Bright Marketing and Let’s Talk More…

  • Gibraltar flies the flag for its own stock market

    Gibraltar, the sunny British territory famed for its imposing Rock and Barbary Apes, is in talks to create its own stock exchange.The exchange, which would be called GibEx, was dreamt up by local law firm Hassans and Austrian-based bank Medici. They are outlining plans to the authorities and the business community to create a trading…

  • Certificates of Deposit, What are Certificates of Deposit or CD’s?

    ST. VINCENT & THE GRENADINES, April 16, 2006 – Much has been written lately about the subject of Certificates of Deposit. A certificate of deposit is a very powerful investment tool but, some are kept away because it all seems a bit to good to be true. What are Certificates of Deposit? In simplified terms…

  • Maximising returns with offshore investments

    The liberalisation of foreign exchange and de-pegging of the ringgit for offshore investments has widened investment options for local investors with an appetite for overseas investments, said Alan Inn, head of investment and product development of CIMB Private Banking. “Having offshore investment is an effective way to diversify and enhance your portfolio’s return because investors…