Latest Offshore Banking Articles
- Offshore Asset Protection Secrets They Don't Want You to KnowFor every moderately affluent person there comes the time to start thinking about the future: namely asset protection and preparing for the worst. Although we can all hope for the best, life shows us that those who are prepared win time and time again. Its not just the incredibly rich who have to think about these things, these days it's anyone who ac […]
- 5 Offshore Credit Card Mistakes to AvoidEveryone knows how hard it is to get a functional offshore credit card that's also half-way private. It's not your fault. […]
- Can Singapore Private Banking Replace Swiss Private Banks?Singapore private banking has grown massively over the past decade. Assets under management at Singapore private banks have grown to around 300Bn, 6 times what they were 10 years ago. It is estimated that Singapore manages around 5% of the world's private wealth, while Swiss private banking manages around a quarter. […]
- Are Private Offshore Banks More Secretive?Part of the reason why private offshore banks are called "private" is their reputation for secrecy. People expect private offshore banks in a country like Switzerland or Panama to keep confidential account records an issue between banker and client. […]
- Offshore Bank Accounts - Easy Introduction For First-TimersBond villains, corrupt dictators and even Bono can lay claim to offshore bank accounts. But what about the rest of us? Does anyone really need an offshore bank account, and how much money do you need to make it worthwhile? […]
- Montevideo Apartment Rental - Easy Introduction For First-TimersMontevideo is blessed with a plethora of apartments that will seem affordable to the US or European tourist. In other cities, you may have to settle for something out of town. In Montevideo, which is a living, working city - you can literally wake up and have sand at your feet. […]
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FISHING EXPEDITIONS NOT WELCOME, SWISS BANKS SAY
”Indiscriminate” requests for confidential records will not be supported by Swiss banks, even once new OECD rules come into play, according to a leading figure in the Swiss banking industry. In a bid to calm HNWI’s worried over bank secrecy, SBA (Swiss Bankers Association) head Urs Roth reiterated that bank account details are still... »
PRIVATE BANKING INVESTORS HOLD ONTO CASH
Clients at global private banks are shunning risky assets and instead opting to hold large amounts cash, hoping to make these cash portfolios work hard rather than rushing back into uncertain investments. Private banking investors are jumping from very low yielding goverment securities like treasury bills to cash deposits with slightly higher yields, bankers told... »
PRIVATE BANKS HIT BY COST OF GREATER TRANSPARENCY
Private wealth managers have learnt to be more transparent the hard way, but new measures will increase the cost of operations, prompting further consolidation among private banks. A year after the collapse of Lehman Brothers, the combination of volatile markets, $65 billion madoff fraud, and the relaxation of bank secrecy rules have conspired to... »
ANOTHER UBS CLIENT CONFESSES IN TAX EVASION CASE
The IRS crackdwon on secret offshore bank accounts netted its 6th victim monday as a retiree from the Seattle area pleaded guilty to filing a false tax return Monday. Retired boeing sales manages Robert Cittadini confessed to having concealed almost $2 million in Swiss accounts, court records say. http://www.usatoday.com/money/perfi/taxes/2009-10-05-ubs-tax-evasion-case_N.htm »
ING AGREES SALE OF SWISS PRIVATE BANKING UNIT
Dutch bank and insurer ING Group agreed Wednesday to sell it Swiss Private Banking unit to Swiss private bank Julius Baer for 520 million CHF ($505 million), in order to honour a 10 billion euro government bailout loan it received a year ago. http://www.nytimes.com/2009/10/08/business/global/08ing.html »