Global Capital. Clear Intelligence.
Standard Bank Offshore Group has picked up the ‘Best International Structured Product Provider Award’ for the third consecutive year and been awarded a highly commended in the ‘Best International Banking Service Award’ category, in the annual International Fund and Product Awards. Standard Bank Isle of Man’s success in the Awards is underpinned by the Isle … Read more
In a little over one year demand for the bank’s British expat buy-to-let offering has eclipsed that for its established mortgage lending in Jersey and Guernsey. Managing Director of Skipton International, Jim Coupe said: ‘We have been servicing expats with their savings needs for years and knew there would be a demand for buy-to-let mortgages … Read more
The New Dawn is Government Enforced Disclosure Globally for Money Managers: Monetary disclosure means that multinational employers who used a Trust structure labeled as a Retirement Plan are now recognized by the IRS as non compliant and their U.S. employees are subject to back taxes, late filing fees and tax penalties. Old methods of offshore … Read more
[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. … Read more
The most common form of arbitrage to remove the effect of taxation is to deal in the cash market, black market or free market. This includes smuggling and other dealings with contraband. Here, the cost of arbitrage may be very great as it can include the risk of government fines and imprisonment. There is also … Read more
Yves Maas is Managing Director and CEO of Credit Suisse S.A. in Luxembourg. Mr Maas is the Chairman of the Luxembourg Bankers’ Association (ABBL) and a Board Member of the European Banking Federation. As Chair of ABBL, the professional organisation representing the majority of banks and other financial intermediaries established in Luxembourg, he acts as … Read more
The oil markets are showing some life, having rallied 11 percent over a two-day period. But if a bigger rebound is not around the corner, it won’t just be oil companies that will be feeling the pain: their lenders will also face some steep losses if drillers can’t come up with the cash to cover … Read more
For U.S. persons it is absolutely correct that you should engage in diversification of investments and assets overseas. However, the difficulty with much of the information received from a blog or Google search, no matter how attractive it might seem, is completely out of date. All the points sound great if you say them quickly. … Read more