Tag: banking offshore
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How much do you really know about offshore banking?
Skipton International has launched a quiz which aims to inform people about offshore savings. The quiz, which is hosted on the Skipton International website, tests savers’ knowledge of offshore banking, with answers explaining what an offshore account is, who can have one, and how someone can open one. Typical reasons for opening an offshore account…
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JP Morgan private banker: “We can’t make money anymore…
[typography font=”Cantarell” size=”11″ size_format=”px”]by Simon Black[/typography] July 1, Singapore – Yesterday over coffee, a friend of mine leaked the news that JP Morgan’s private banking division here in Singapore is going to start charging negative interest rates. I almost fell out of my chair. He’s a successful hedge fund manager and one of their best customers.…
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Offshore Bank Account For Mid-Size Clients
[box type=”info” style=”rounded”]BREDER SUASSO Sets New Standard In International Banking – Launches The First Offshore Bank Account For Mid-Size Clients With A Minimum Deposit Requirement, both private and corporate offshore accounts for corporations registered in any of the major offshore jurisdictions, such as Panama, Hong Kong, UK, Belize, BVI, Seychelles, and as fast as 72…
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Offshore Tax Havens and the Great Witch Hunt
Many professionals working in the offshore financial services industry are asking the question; when will the tax inquisition end? Most of them understand that as long as there’s more than one currency in the world, and while over two thirds of the collective surplus cash supply is parked in so called tax havens, there will…
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Offshore investing and Private Banking
The term ‘private banking’ is becoming so prolific that it’s close to losing the prestige that once connected to the intensely secret relations between a bank and its wealthy clients. Traditionally, international banks have required a minimum deposit of $100,000 to ear preferential treatment but over the past years this minimum has been reduced to…
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Top 50 Safest Global Banks
For banking safely, global citizens had better go to the local government. And pretty much avoid the U.S. At least that seems to be the take away from Global Finance Magazine’s ranking of the world’s safest banks. The top 9 banks in the magazine’s World’s 50 Safest Banks list are all state-backed institutions. The No.…
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Offshore Banking
Offshore banking has often been associated with the underground economy and organized crime, via tax evasion and money laundering; however, legally, offshore banking does not prevent assets from being subject to personal income tax on interest. Except for certain persons who meet fairly complex requirements, the personal income tax of most countries makes no distinction…