Tag Archives: money

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »

SBI Refuses To Share Information On Money Stashed In Suspended Accounts

New Delhi: The SBI has declined to share the quantum of money lying in suspended bank accounts in which the interest amount of customers, who do not claim it due to religious reasons, is kept. Replying to an RTI query, the State Bank of India (SBI) said it does not maintain such information in its database “in normal course of ... Read More »

Ways to make money in a rising market

It would be an understatement if we say that there is a left out feeling in the market. With BSE Sensex touching the 30,000 mark for the second time in two years many investors have been caught sitting on the sidelines. Having reduced their position ahead of the five state elections, retail investors were waiting for an opportunity to re-enter. ... Read More »

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland’s banking system. The funds held by Indians with banks in Switzerland fell byCHF 596.42 million to CHF 1,217.6 million at the end of 2015, ... Read More »

Vic gives NSW economy run for money

The NSW and Victorian economies continue to outpace the rest of the country while Western Australia has the post-mining boom blues. Those are the findings of Commsec’s latest quarterly State of the States report which saw NSW, the most populous state, post its seventh consecutive result as the country’s strongest performing economy. Victoria is edging ever closer in second place, ... Read More »