Latest News for: Bank offshore


INDIA RUPEE Rupee likely little changed on hawkish Fed, yuan uptick

Reuters 29 Nov 2022
It's difficult to see the rupee "deviating significantly" from its recent range this week, a trader at a Mumbai-based bank said ... The offshore yuan was up 0.4% to the dollar at 7.2160 after Beijing beefed up support to the nation's property sector.

As FTX burned, lawmakers said to be dithering over regulator

Finger Lakes Times 29 Nov 2022
affiliate, said Georgia Quinn, general counsel of Anchorage Digital, a federally chartered bank that provides custody for digital assets. “This entity was slightly, if you want to call it, regulated offshore,” Quinn said in an interview ... Others, like Senate Banking Chairman Sherrod ...

Tesla, Harmony Energy switch on 98 MW/196 MWh storage project in UK

PV Magazine 28 Nov 2022
The Pillswood battery energy storage system (BESS) features Tesla’s Megapack solution ... The project is near Hull, East Yorkshire, next to the Creyke Beck substation, which will act as a grid- connection point for two phases of the world’s largest offshore wind farm, Dogger Bank ... ....

Risk Watch with Alberta QUARCOOPOME: The changing role of the branch manager in a digital ...

B & FT Online 28 Nov 2022
in 70 per cent of cases, the crime was perpetrated by a bank employee ... While banks have put checks and balances in place, there is the risk that insiders may attempt to use fraudulent or forged documents which claim to request a bank depositor’s money be wired to another bank, often an offshore account in a distant foreign country.

Crypto firm FTX’s ownership of a U.S. bank in a small Washington town raises questions

The Spokesman-Review 26 Nov 2022
Tether has long faced concerns about its finances, in part because of its reclusive owners and offshore bank accounts ... “The fact that an offshore hedge fund that was basically a crypto firm was buying a stake in a tiny bank for multiples of its stated book value should have raised ...

The City of London, by Larry Romanoff

The Unz Review 26 Nov 2022
The City is the center and home base of the world’s banking and insurance industries. It is the home of the Bank of England (which was supposedly privatised but is still Rothschild-owned), the home of Lloyd’s of London,Lloyd’s of London – how does it work? ... The council that works for banks ... captured by the international offshore banking industry.

Rupee nearly flat this week, premiums extend slide

The Times of India 25 Nov 2022
The rupee dipped to 81.6850 per U.S. dollar from 81.63 in the previous session ... Next week, investors will be eyeing the U.S ... The offshore Chinese yuan declined 0.7% this week on concerns over the country's growth outlook. The People's Bank of China said it would cut the reserve requirement ratio for banks by 25 basis points (bps), effective from Dec. 5.

‘Serial fraudster’ who conned £200,000 from crossbow victim jailed

AOL 25 Nov 2022
Sentencing Lewis for five counts of fraud on Friday, Judge Rhys Rowlands said. “That murder tragically remains without a known motive.”. Describing Lewis as a “thoroughly dishonest man”, Judge Rowlands said ... He also advised Mr Corrigan to set up an offshore bank account, which he claimed £120,000 was needed for, and to buy a piece of nearby land ... .

Why FTX Account Holders Are Unlikely To Get Their Money Back 

Time Magazine 25 Nov 2022
FTX’s claim that it was hacked diminishes the likelihood that users will recover their money, legal and banking experts say ... Crypto asset values were falling, even before FTX’s collapse which Ibrahim says is endemic of a “bad offshore bank” rather than a failure of the industry.

Michael Hudson: The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism?

Information Clearing House 25 Nov 2022
So you have on the one hand a high productivity, high standard of living economy that used to be in the West and is now in Eurasia, as opposed to an economy of austerity planned by the IMF and central banks, as you’re finding in Europe ... If you cancel all the debts that US banks owe to the offshore banking centers in the Caribbean, Panama, Liberia.

'Baroness Bra' Tory peer Michelle Mone faces new questions as leaked bank documents suggest she ...

The Daily Mail 24 Nov 2022
But last night The Guardian claimed leaked bank documents indicated huge amounts of its profits had been transferred by her then-fiance to an offshore trust of which Baroness Mone and her children were beneficiaries.

Europe's Biggest Battery Storage System Switched On

Slashdot 24 Nov 2022
What is thought to be Europe's biggest battery energy storage system has begun operating near Hull ... It has been built next to the National Grid's Creyke Beck substation, which will be connected to Dogger Bank, the world's largest offshore wind farm, when it launches in the North Sea later this decade ... .

'Baroness Bra' Tory peer Michelle Mone's family 'received £29m in profits from PPE firm she ...

The Daily Mail 23 Nov 2022
But last night The Guardian claimed leaked bank documents indicated huge amounts of its profits had been transferred by her then-fiance to an offshore trust of which Baroness Mone and her children were beneficiaries.

In tears: Pensioner wins battle with bank over stolen savings

NewstalkZB 23 Nov 2022
A pensioner fleeced by cyber criminals who gained access to his Westpac online bank accounts then drained $100,000 was brought to tears after learning the bank has belatedly agreed to refund his stolen money ... Johnson believes the thieves likely hacked his Westpac internet banking app before the money was wired offshore.

Budget must chart clear path to recovery

B & FT Online 23 Nov 2022
Specifically, the GNCCI proposes that government should work with multinational companies operating in our offshore oil and gas sector to keep about 30 percent of their revenues with local banks ... This, along with a 30 percent domestic gold purchasing programme by the Bank of ...

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