All articles by Marina Daras
Wealth preservation top priority for Chinese HNW
As the number of wealthy Chinese has more than doubled in the past five years, investment behaviour has shifted towards assets preservation, with half Chinese UHNWIs now considering inheritance planning.
Societe Generale Private Banking reports 19% rise in Q1 profit
Societe Generale Private Banking has reported net income of EUR43m ($66.8m) for the first quarter of 2013, an increase of 19% compared to EUR36m reported a year ago.
Goldman Sachs to operate private banking services in the UK
Goldman Sachs Bank USA, the banks U.S. commercial banking unit, has received Financial Conduct Authority (FCA) approval to provide private banking services to its clients in the UK.
EU states losing 1tn a year to tax fraud
Around one trillion euro is lost in EU member states to tax evasion and tax avoidance every year, according to the EU Council.
Luxembourg bows to US pressure on banking secrecy
Luxembourg is to participate in the automatic exchange of tax information with other EU countries by 2015, bowing to pressure from the US and the EU.
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EU G5 takes multilateral action to combat tax evasion
Europes five largest countries have signed yesterday an intergovernmental agreement to develop and pilot multilateral tax information exchange.
Credit Suisse and Julius Baer put pressure on German tax evaders
Credit Suisse and Julius Baer have set an ultimatum to their German clients to come clean to the German authorities on their tax return or the banks will take drastic measures.
The Promising Land
Israels dynamic economy is sustaining a vibrant wealth management market. Not only it has attracted a large number of foreign banks, to the point that it may be overbanked, it has also developed a real culture for global investment. Marina Daras speaks to local players with a keen eye for US opportunities.
Credit Suisse and UBS linked to offshore tax information leak
Switzerlands two largest banks, UBS and Credit Suisse, have both been named in a wide-spread investigation by The International Consortium of Investigative Journalists (ICIJ) into offshore tax evasion.
Canada: the new Switzerland?
Canadas high net worth population is booming driven by retiring baby boomers that are cashing up businesses or assets built up over the past 30 years. Marina Daras finds that offshore investors, who traditionally may have had their assets in the UK and Switzerland, are increasingly turning to Canadas safety and security.