Latest News for: Private bank offshore

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Casa Ruby receiver files for bankruptcy

Washington Blade 04 Dec 2024
A D.C ... Court of Appeals ... says she allegedly diverted at least $150,000 “in taxpayer-backed emergency COVID relief funds” awarded to Casa Ruby to “private offshore bank accounts for her personal use,” according to a statement released by the U.S ... 10. D.C.
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An anti-political dynasty workaround

The Manila Times 12 Nov 2024
Government spending — regardless of who ends up benefiting from it (large chunks of it eventually fatten private offshore bank accounts) — is a handy pump-priming tool.
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Türkiye has potential for 27 GW of offshore wind by 2050, World Bank says

Anadolu Agency 07 Nov 2024
Sean Whittaker, principal renewable energy specialist with the IFC, the private sector financing arm of the World Bank Group, explained to Anadolu that the 'Offshore Wind Energy Roadmap for Türkiye' outlines two scenarios.
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Who Is Behind the Mexican Drug Cartels?

GlobalResearch 26 Aug 2024
Mexico’s banking system was privatized ... Elliot worked in Citibank’s private banking department, which specializes in helping the global elite set up offshore corporations and other instruments to avoid paying taxes.
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Nuvama Private Expands Wealth Management Services in Dubai

The Arabian Post 08 Aug 2024
Vivek Sharma, Head of Offshore at Nuvama Private, highlighted the bank’s role in addressing these global needs, saying, “With the evolution of Indian UHNW families, their requirements are becoming global.
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New private bank to serve region’s global Indians through new DIFC office

Khaleejtimes 07 Aug 2024
With a CAT III C licence, Nuvama Private is one of few Indian private banks ... And hence would like to be the preferred partner for their private banking needs, for both onshore and offshore solutions”.
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Nuvama opens new office in DIFC to serve Indian UHNW families

GCC Business News 07 Aug 2024
With a CAT III C license, Nuvama Private is one of few Indian private banks ... And hence would like to be the preferred partner for their private banking needs, for both onshore and offshore solutions.”.
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BSP reminds gov’t, corporates to submit foreign borrowing plans by Sept. 30

Manila Bulletin 24 Jul 2024
The Bangko Sentral ng Pilipinas (BSP) has issued its annual advisory for both the public and private sectors such as banks and corporates to submit its foreign borrowing plans to the BSP for review and assessment.
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Rupee flat; dollar bids from oil firms cap gains amid US bond yield dip

Bahrain News Agency 18 Jul 2024
... were under pressure earlier in the month, so it's unlikely to follow gains in the broad Asia pack either, a foreign exchange trader at a private bank said.
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Kotak Mahindra Bank linked to short-selling of Adani stocks: Hindenburg report

Invezz 02 Jul 2024
In a recent update, Hindenburg Research revealed that Kotak Mahindra Bank, a prominent private sector lender and brokerage firm in India, played a crucial role in the offshore fund structure used to short Adani stocks.
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Philippines' net external liability up 25.8% end-March

Manila Bulletin 01 Jul 2024
... except insurance, trust institutions/corporations, financing companies, securities dealers/brokers, lending investor, investment houses, pawnshops, credit card companies, offshore banking units.
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Philippines' external debt up 8.3% to $128.7 B

Manila Bulletin 16 Jun 2024
... availments of $2.5 billion, with the private sector banks raising $2.1 billion in funds from offshore creditors for general corporate expenditures, refinancing of borrowings and liquidity purposes.
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PH external debt manageable despite additional borrowings

The Manila Times 16 Jun 2024
The rise in external debt was mainly due to resident entities' net availments of $2.5 billion, of which $2.1 billion was raised by private sector banks from offshore creditors for corporate expenses, refinancing, and liquidity.

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