Archive | Europe

Who Needs a Swiss Bank?

by Harvey D. Shapiro – The Gnomes of Zurich. The Banques Privée. Swiss bankers. For centuries, banking has been as closely associated with Switzerland as fashion is with Paris and oil is with Saudi Arabia. Indeed, the roughly 350 banks in this country of fewer than 9 million people manage about $2.7 trillion, fully one-third […]

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Tax Refunds Help Rich, Hurt Poor

By Michael Marchant – Not since 1929, the year that marked the beginning of the Great Depression, has wealth in the U.S. been so heavily concentrated among the richest 1 percent of the population. This trend towards economic inequality increased sharply in 1970, and since that time there has been an enormous shift in the […]

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Heist of century a National disaster

By Tim Boreham and Stewart Tendler – It took thieves 2 1/2 hours to haul the sackloads of banknotes from the vault to a semi-trailer parked behind the Northern Bank’s Belfast headquarters. In one of the biggest bank robberies ever, more than $50million was stolen in a meticulously planned operation that police believe was the […]

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Offshore Can Be Naughty and Nice

By Anna Smolchenko – The word “offshore” has a certain mystique to those who have never been part of it. People often suppose that investing offshore is not only a bit naughty, but must necessarily be expensive. It can be both, but doesn’t have to be. For most expats, offshore banking and investment offers opportunities […]

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