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White Dragon Society, IMF, GCR, Heritage Bonds and Bank Trading Programs

10 Jan
White dragon society and bank trading programs

Over the past several years we have received requests from dozens of legitimate groups claiming to have imminent closings and requesting us to supply them with high level receiving bank accounts and trading programs. Not a single one has ever received any funds. • Chinese Bonds – The Beijing government has stopped redeeming these. They […]

Commonwealth of Dominica Welcomes Newest Offshore Bank

01 Jan
Dominica (Caribbean) - Soufrière - offshore banking

ROSEAU, Dominica, Dec. 31, 2017 /PRNewswire/ — In late 2018, Digibank joins the ranks of Class-A licensed offshore banks of the Commonwealth of Dominica. Poised to ride the trend of globalized wealth, Digibank aims to incorporate technology to traditional offshore bank services to achieve 3 crucial comparative advantages, namely full digitalization, faster processing speed and lower transaction cost. […]

China’s ICBC Sets Up Global Asset Management Company

04 Nov
China’s ICBC Sets Up Global Asset Management Company

The banking giant’s offshore investment subsidiary is going global, restructuring to serve both domestic and foreign investors. The Industrial and Commercial Bank of China, the world’s biggest bank by assets, is rebranding and restructuring its offshore investment subsidiary into a global asset management company, an executive at the company confirmed. The new Hong Kong-based entity, […]

Internet Banks vs Brick & Mortar

08 Aug
Internet Banks vs Brick & Mortar

New Study Finds Online Banks Offer Savings Yields Four Times Higher than Traditional Banks & Credit Unions For those looking to earn more interest on savings accounts, internet banks are increasing APYs at a faster rate than traditional counterparts CHARLOTTE, N.C., Aug. 8, 2017 /PRNewswire/ — A new study by DepositAccounts.com, now part of LendingTree®, […]

Swiss Banks Warn on Data-Sharing

30 Mar
Swiss Banks

Switzerland introduced the automatic exchange of information of data concerning bank customers at the beginning of this year. Swiss private banks now warn the government that the planned extension of the system to a further set of countries may endanger their wealthy clients in some of the highly corrupt partner states. The Association of Swiss […]

How Solid are Canada’s Big Banks?

25 Mar
Canada’s Big Banks - BMO Reflection

The World Economic Forum consistently ranks Canada’s banks among the world’s safest[1]. Competent regulators have overseen stress tests, tightened lending standards and delinquency rates are low. Demographics are good and the country’s diversified economy is backed by a treasure of oil, wood, gold and other natural resources. So the experts say. Institutional investors, relying on […]

First U.S. Bank Robbery was on Wall Street

18 Mar
First Daylight Bank Robbery Marker

Following is the daily “Profile America” feature from the U.S. Census Bureau: FIRST U.S. BANK ROBBERY Profile America — Sunday, March 19th.  Banks had operated in America for about a half century before someone tried to make an unauthorized withdrawal. On this date in 1831, Edward Smith committed the first bank robbery in the U.S. […]

Dubai Beehive and P2P Lending Platforms

04 Mar
City Center, Dubai, UAE - P2) Lending Platforms

Fintech Business, Beehive, is the First Peer to Peer Lending Platform to Receive DFSA Regulation DUBAI, UAE, March 5, 2017 /PRNewswire/ — New regulation key to driving growth of Fintech businesses in region Lending based crowdfunding important new route to finance for SMEs In excess of AED 75 million facilitated across 150 SME funding requests […]

HMRC Profile of Offshore Investors

17 Feb
Royal Arms of England - Offshore Investors

Discussions with the 16 banks highlighted that the typical offshore investor is of either High Net Worth (HNW) or Ultra-High Net Worth (UHNW). The definition of these terms varied amongst banks in relation to the manner in which they segmented their customer base. Despite some variation in the boundary between HNW and UHNW there was […]