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  • Global Problem for Bank Workers

    UNI Global Union: Bank workers Demand Their Rights at Demonstration in Frankfurt [box]”Fair Banking Advice? Fair Working Conditions? NOW!”[/box] European bank workers demonstrated in front of the headquarters of the European Central Bank in Frankfurt this past week to call for a radical change in the sales practices of financial service providers. UNI Finance Global…

  • Jeremy Siegel on the Dow Reaching 11,000

    The Dow has closed above 11,000, the European Union is bailing out Greece and the U.S. economy seems to be perking up. Is the future as bright as it looks? In fact, it looks pretty good, says Wharton finance professor Jeremy Siegel. While the Dow’s 11,000 close doesn’t mean much to professional market watchers, it…

  • IFC International Newslinks

    UBS Client Pleads Guilty to Tax Fraud A wealthy client of the Swiss bank UBS pleaded guilty on Monday to tax fraud, the ninth American caught up in an investigation of the bank’s offshore private banking services, The New York Times’s Lynnley Browning reports. The bank client, Harry Abrahamsen, of Oradell, N.J., pleaded guilty in…

  • Impact Of Tax Amnesties On Offshore Financial Services

    A new report provides detailed analysis of the Finance and Banking market This report introduces Datamonitor’s proprietary Tax Amnesty Assessment Index. It is a quantifiable assessment framework of 15 criteria, grouped within five critical amnesty conditions, that can be used by offshore banks to determine the likely impact of any announced amnesty on their assets…

  • New Hedge Funds

    The list of hedge firms launching Ucits III-compliant Newcits hedge funds continues to grow, as five more are revealed. Those announcing Newcits plans this week include Toscafund, Frankfurt-based Trycon GCM, Cheyne Capital and Castlestone Management, while Merchant Capital and Spanish platform Tressis have also teamed up for a new long/short fund. According to Reuters, Toscafund…

  • Wirecard for Payment Solutions

    Online Specialist Discounter for Electrical and Electronic Appliances Opts for Payment Solutions From a Single Source MUNICH and GRASBRUNN, Germany, April 11, 2010 – redcoon GmbH, headquartered in Aschaffenburg, has decided in favor of the payment services of Wirecard AG. The redcoon company has meanwhile become one of the leading European specialist discounters for entertainment…

  • Offshore Savings Plan

    New Fixed Rate 5 Year Offshore Savings Plan (account) Offers 4.5%Gross/AER ST HELIER, Jersey, April 9, 2010 – A new sterling 5-Year Fixed Rate Saver account offering 4.50% gross/AER has been launched by Jersey based Abbey International. The account is aimed exclusively at new and existing Premium Banking clients. Premium Banking from Abbey International is…

  • Shift of Gas Producers to Oil Investment

    SandRidge Energy’s agreement this week to acquire Arena Resources, a producer of conventional oil in West Texas, for $1.6 billion is the latest example of natural gas companies seeking to balance their portfolios with more oil as the two resources decouple in price. Natural gas prices have fallen more than 25% this year to below…

  • Cayman Island Offshore Company Guide

    When you want to invest in the Cayman Islands, the place that you should be contacting is the Chamber of Commerce, as this is the best center to get any kind of business related information. This island has been a favorite spot for most business ventures for a long time now, since it has many…

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