03/17/2014
The use of o ff shore companies in Islamic fi nance is driven by many of the same factors as in conventional banking, as tax e ffi ciency, bankruptcy-remoteness and privacy are considerations common to most cross-border transactions.
03/17/2014
United States Virgin Islands Governor John de Jongh led a two-day economic mission to New York City last week.
03/16/2014
The idea of a virtual currency is clearly an appealing one for those who mistrust their national currency, the traditional banking system, or who seek a means of circumventing inflation or capital controls.
03/10/2014
The digital cryptocurrency which may or may not have been founded in 2009 by a 64-year-old Japanese recluse — was hit by the biggest challenge it's faced so far when Mt. Gox, the world's largest bitcoin exchange.
03/07/2014
Money is the most uncomfortable topic of conversation for six out of ten high-net-worth individuals, according to a new international poll.
03/04/2014
Strangely, nobody knows who created it
03/03/2014
Today's marketplace provides investment firms with a wide range of asset classes to help them to manage money effectively.
02/27/2014
A US-based company is planning to invest $3.5 million in setting-up a regional bio-bank centre in the Bahamas, with the inaugural laboratory set to employ between 12-14 people.
02/26/2014
IoD Jersey Director of the Year awards
The IoD's Jersey branch is looking to recognise unsung heroes and heroines from all areas of the economy - private, public and third sectors - in its annual awards.
02/25/2014
Skipton International has consolidated its position as the lender of choice in the Channel Islands in 2013, growing its mortgage business by 10% on the previous year and further bolstering its deposit taking activities.
02/24/2014
Bahamas: Minister Pinder speaks on international aspects of financial services
Minister of Financial Services Ryan Pinder said, on February 20, 2014, that the international landscape for financial services continues to change extremely rapidly and his Ministry continues to actively follow and engage on issues emanating from the Glob
02/24/2014
Global assets under management to exceed $100 trillion by 2020: PwC
Global assets under management (AuM) will rise to around $101.7 trillion by 2020, from a 2012 total of $63.9 trillion, says a PwC report released today. This represents a compound annual growth rate (CAGR) of nearly 6%.
02/21/2014
Government reiterates that Bank of Bahamas is safe
Bahamas government has again sought to reassure nationals that it was not interfering in the operations of the Bank of Bahamas in which it has 65 per cent majority share holding.
02/18/2014
The debate is not unlike that being held in other emerging market economies where there is a desire to protect against investment flight while not damaging economic growth.
02/17/2014
Developed Equities Market positions move from neutral to modest overweight
02/14/2014
Quarter by quarter offshore deal volumes rose steadily throughout 2013, resulting in a cumulative 12-month deal value topped only three times in the last decade, according to a report released today by Appleby, one of the world’s largest providers o
02/14/2014
The nuclear and banking industries share a common feature.
02/13/2014
Cayman 'ahead of UK' on beneficial ownership
Premier Alden McLaughlin has “no difficulty” complying with international financial reporting standards, even if those standards require the Cayman Islands to make public its register of beneficial ownership of companies and investment funds.
02/12/2014
Is FATCA a US tax boogie-man for Bermuda?
However, some of the larger financial institutions who have been planning for the introduction of FATCA reporting for some years are continuing along with the timetable originally prepared.
02/12/2014
He has Bermuda as part of his overall territory after having been the representative for Sotheby’s in the Middle East and Africa.