guernsey iom downgraded by s and p
Credit ratings agency Standard & Poors has downgraded Guernsey and the Isle of Man from AAA to AA+, outlook stable, owing to concerns over their external vulnerability and lack of monetary flexibility.
News
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american century introduces us all cap growth fund
American Century Investments has launched an all-cap growth fund as part of its Luxembourg-registered Ucits III range.
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uhnwis control 25trn wealthx study
A pool of almost 186,000 ultra-high net worth individuals account for assets of more than $25trn, according to Wealth-X, a Singapore-based research provider to global institutions.
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expats in china brace for new expat tax
China is putting the finishing touches on a new regime for taxing foreign workers as it continues to build its social services infrastructure.
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us expats hold uncitizenship event in canada
What is said to have been the first citizenship renunciation meeting ever held in Canada took place at the US consulate in Toronto last month, as some 22 Americans sought to end once and for all the hassle of being a US expat, the Canadian Globe and Mail reported yesterday.
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fund redemptions slow slightly in september
Long-term funds in Europe suffered redemptions of 46.2bn in September, as continued market volatility in the month sent investors running scared.
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aegon enters arbitration with spanish retail bank
Dutch life insurer Aegon has entered in to arbitration with Spanish retail bank, Caja de Ahorros del Mediterráneo (CAM), in order to exit a partnership with the bank after it failed to make the required business returns in a distribution agreement.
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american citizens abroad continues to pressure IRS
American Citizens Abroad, a Geneva-based organisation which represents expatriate Americans around the world, is continuing to push publicly for a relaxation of the US tax authorities recent, rigid and punitive treatment of US expats who have failed to report the existence of their overseas bank accounts.
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rbc wm hires vaysleyb as hardisty departs
RBC Wealth Management has recruited Daniel Vaysleyb as head of its Jersey-based offshore advisory business, following the departure of Barry Hardisty.
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hong kong regulator issues clarifications
Hong Kongs regulator has warned banks and other authorised institutions that it is increasing its scrutiny of renminbi trading, as part of an effort to ensure that such trading conforms with regulations aimed at preventing speculation in the Chinese currency.
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lion global launches target fund
Lion Global Investors has launched a unit trust in response to investor concerns about falling interest rates and high market volatility.
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immunity offered under swiss uk tax deal worthless
An immunity from prosecution offered by the UK government and which underlines the Swiss-UK tax deal is not worth the paper it is written on, according to a leading tax investigation specialist and commercial law firm.