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Independent Wealth Manager OR Private Bank Attached To A Global Investment Bank - Which Is Best'
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
Are you better investing with a smaller independent firm, or one of the global organisations like UBS, Citigroup or J.P.Morgan'
Before the credit crunch, the big financial institutions lured investors with the strength of their investment banking arms. The idea being - if bankers were clever enough to make billions with the investment banking side, they could work the same magic with a private bank account.
But the last couple of years have shown a change in policy after huge write-downs at...
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London, Delaware Top List Of Secretive Tax Havens
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
Both London city and the US state of Delaware scored highly in an objective ranking of secrecy jurisdictions, confirming what many had expected - the war against tax havens is a farce.
The US State of Delaware Is Home To Many A Tax Free Company
Despite calls for greater “opacity” from smaller countries, it was confirmed that the US state of Delaware is the most secretive tax haven in the world, an extremely embarassing blow for Obama´s anti-tax haven legislation.
US authorities...
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Singapore Private Banking Catching Up With Swiss Private Banking
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
Is it for real'
So Singapore private banking has experienced huge growth over the last 10 years or so. With 300Bn in managed wealth, Singapore is reckoned to manage 5% of worldwide private banking assets.
This has much to do with Singapore’s strict privacy laws, but also just as much to do with the rise in the number of millionaries throughout Asia.
Yet the mass exodus of assets from Switzerland to Singapore hasn’t happened yet. The Swiss stand strong with 25% of the world’s...
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Will Private Offshore Banks Keep Your Account Confidential'
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
Everyone knows that private banks are supposed to be more ”hush hush” than your average bank. Private banking outfits in countries with strong bank secrecy like the Cayman Islands, Switzerland and Panama are expected to keep a low profile. But is the private bank really as secretive as it appears'
Various factors come into play here.
- Where the bank is located.
- Does the bank have operations in foreign countries (and outside the jurisidiction of its home secrecy laws)?
- The size...
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Are You Worred About The Future' Swiss Banks Share Your Pain!
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
Ever worried about what 2010 holds in store for you'
Swiss private banks are feeling the same..according to a survey conducted by Geneve Place Financiere, a body representing Swiss financial firms.
Solitary Swiss banks feel the pain
Relaxation of bank secrecy, less enthusiastic European and US investors, and OECD bullying have contributed to a gloomier than usual outlook for next year.
“The dominant sentiment coming from this survey on the present and future of the financial centre is...
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Singapore Private Banking: Clients Prefer ´´Self-Directed´´ Investment
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
Every savvy investor knows that even the most trusted private bank is prone to plugging its own products. While some private banking clients are happy to take a back seat, more and more are looking to direct their own investments, and take responsibility for risks. This is the message coming from Singapore private banking investors, according to delegates at the Reuters Global Wealth Management Summit held this 5-7th October in international financial centres worldwide.
Singapore Private...
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Mexico Asks US for Offshore Bank Account Data
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
When the US achieved a degree of success in targeting their own tax evaders with accounts at Swiss private banks, Mexico hoped to do something along the same lines. It may come as a shock to many that the vast majority of foreign deposits by wealthy Mexicans are not stored in Switzerland, Panama or the Cayman Islands, but the US.
In a letter to US treasury secretary Timothy Geithner in Febuary, Mexican Finance secretary Agustin Carstens sought help for his fight against tax cheats. Some...
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Chavez Urges Private Banks To Broaden Client Base
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
Venenzuelan President Hugo Chavez urged private banks to look further afield than the financial sector on state tv this Monday, reports news agency EFE.
Chavez Wants To Change Private Banking Attitudes
Chavez said he hopes for a private banking blueprint that will allow private banks to work together with the Venezuelan government towards developing the country, rather than solely focusing on the financial sector.
”Private banking has to support the country rather than the other way...
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Uruguay Bank Secrecy
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
The recurrent theme of bank secrecy in Uruguay continues to surface as Presidential elections in the country draw closer. For those with an eye on Uruguay private banking this will prove interesting..
Uruguyan newsportal espectador.com reports left-wing Presidential candidate Jose Mujica indicating that he is open to discuss the future of bank secrecy within the Mercosur.
”Son cuestiones que habrá que negociar dentro del Mercosur: cuál va a ser el modelo financiero que vamos a llevar, si...
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UK and Switzerland Amend Double Taxation Treaty
From Private Bank | Private Offshore , 2 year ago, Read 0 times. Similar articles
Swiss Bank Secrecy Threatened Again - What Are the Alternatives'
Swiss and UK authorities added to an existing double taxation treaty on Thursday by agreeing to OECD standards for transparency and information exchange. It is expected that the new treaty, if and when it comes into force, will be used to help combat tax evasion.
The agreement is part of a worrying relaxation of bank secrecy in Switzerland, coming after the release of confidential account details to both France and the US. This...
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