Latest News for: Bank offshore

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Skipton International: UK Rental Property Remains Focal Point for Hong Kong and Singapore Investors

Vietnam News 27 Mar 2023
In 2022, over 600 rental property sales were recorded by Hong Kong (over 400) and Singapore (over 200) investors using the Bank's buy-to-let (BTL) mortgages ... It is a two-times winner of the Moneyfacts 'Offshore Bank Account of the Year' award 2022 and 2023, and the Mortgage Introducer 'Top Mortgage Employer' Award 2022.
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Bitcoin May Be Answer to Africa’s Broken Financial System

Coinspeaker 27 Mar 2023
According to , Africa has an $86 billion banking system ... While most people, especially those in remote and rural areas, have limited access to commercial banks, digital banking options are not even a better alternative ... About 80% of all cross-border payments from African banks are processed offshore.
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Gov’t borrows lower in January

Manila Bulletin 27 Mar 2023
In 2023, President Marcos plans to borrow P2.207 trillion from offshore and local banks ... .
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Wealthy Indians diversifying their investment portfolio internationally – Here’s why

Financial Express 26 Mar 2023
India’s HNIs are increasingly investing in foreign bank deposits, equity and debt instruments, and properties abroad. According to reliable data, Indians pledged $1.69bn directly into foreign bank deposits and investments in the 2021-22 financial year ... Update on banking stocks as regulators reassure investors.
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Deutsche Bank settles suit over $1.6 billion Madoff claims

Live Mint 26 Mar 2023
Deutsche Bank AG is settling a US lawsuit it ...
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US banking crisis could be an opportunity for cryptocurrency exchanges: JP Morgan | coindesk JAPAN

OBN 25 Mar 2023
A number of fintech payment firms and offshore banks are trying to fill the void left by the failures of America’s Silvergate Bank, Silicon Valley Bank and Signature Bank, but the new It will take time for the banking network to become established, JPMorgan said in a March 22 research report.
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Interbank contagion risks ‘quite small’ for Philippines, Asia

The Philippine Star 25 Mar 2023
Interbank contagion risks arising from the banking crisis in the US and Europe are “quite small” for Philippine and Asian banks that are less dependent on offshore funding, according to DBS Bank Ltd. of Singapore ....
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Almost 20 years on from the day he sold Chelsea to an unknown Russian billionaire ...

The Daily Mail 25 Mar 2023
Having upgraded Stamford Bridge on prime real estate, he insists that the increased value of it insured him against problems with the bank ... When it went bankrupt, prompting the Irish Government to repay its hundreds of small savers, an investigation unsuccessfully tried to prove that the bank loaned its owner money via offshore entities.
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Former private schoolgirl who was once Britain's most wanted woman has jail term more than ...

The Daily Mail 25 Mar 2023
He said ... 'Sarah Panitzke played a pivotal role in a sophisticated multi-million-pound fraud and laundered extraordinary volumes of stolen money through offshore bank accounts ... HMRC uncovered a complex web of transactions they used to launder stolen money through bank accounts in the UK, Andorra, Dubai, Hong Kong, Switzerland, Portugal and the US ... .
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The sting in the tail: Debt mutual funds lose long-term tax advantage

Financial Express 25 Mar 2023
As the concept of long-term capital gains has been done away with for this asset category, its competitive edge with term deposits in banks will be blunted ... Among a clutch of tax concessions offered to the investors in IFSC (GIFT City) is 100% tax holiday for 10 years for offshore banking units.
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Israeli disinformation expert linked to faked bank accounts

Blitz 24 Mar 2023
Vučić then claimed Đilas had illegally stashed his wealth in banks around the world, and predicted that more details would surface shortly. Six days later, Serbian pro-government newspapers began publishing stories about Đilas’ supposed offshore accounts ... For two weeks, the allegations about Đilas’s supposed offshore millions dominated the headlines.
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Deutsche Bank settles lawsuit over $1.6 bln Bernard Madoff claims

Reuters 24 Mar 2023
Deutsche Bank AGFollow. NEW YORK, March 24 (Reuters) - Deutsche Bank AG (DBKGn.DE) has settled a lawsuit in which it accused two offshore funds of reneging on an agreement to sell it $1.6 billion of claims in the bankruptcy of Bernard Madoff's namesake firm ... Madoff Investment Securities LLC to Deutsche Bank for 66 cents on the dollar in 2011.
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Slew of tax incentives for non-resident investments in IFSC

Financial Express 24 Mar 2023
“The amendment proposes that income received by non-residents from portfolio of securities in an account maintained with the Offshore Banking Unit in IFSC will be exempt to the extent such income accrues or arises outside India,” said Gopal Bohra, partner, NA Shah Associates.
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Papua New Guinea port official benefitted from offshore accounts

Blitz 24 Mar 2023
The documents show that both Kiniafa and his predecessor as PNG Ports boss, Stanley Alphonse, apparently received benefits via an offshore bank account controlled by an Australian businessman with a checkered past ... Bank statements obtained by reporters show that Coral Seas Planning Consultants soon received a windfall.
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Too many tweaks in the Bill not a good practice: Dinesh Kanabar, tax expert

Financial Express 24 Mar 2023
Follow Us ... How will the doubling of withholding tax on royalties to 20% impact companies? ... So they’re bringing bank deposits, all borrowings at par ... Units in the GIFT City will get tax benefits…Yes, if you are an offshore banking unit, then earlier your profits were tax-free for five years, and half the profits were tax-free for the next five years ... .

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A woman dressed in Turkmen national dress casts her ballot at a polling station during presidential elections in Ashgabat, Turkmenistan, Saturday, March 12, 2022.
AP / Alexander Vershinin
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