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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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Cayman 8 points ahead of Guernsey in Banker magazine’s International Financial Centre survey
A survey by The Banker magazine shows that the Cayman Islands can hold their own against international standards relating to service or regulation. For the third time in a row, The Banker magazine’s 2011 International Financial Centre (IFC) survey has awarded the top spot to the Cayman Islands in the Specialized Financial Centre category, besting…
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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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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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